CFPB Says It Won’t Enforce Payday Rule
CFPB Says It Won’t Enforce Payday Rule Last Friday, two days before it was set to go into effect, the Consumer Financial Protection Bureau (CFPB) said that it would not prioritize enforcement or supervision actions with regard to any penalties or fines under the...
Senate Passes Resolution Repealing CFPB Overdraft Rule; House Action Awaits
Senate Passes Resolution Repealing CFPB Overdraft Rule; House Action Awaits Last week, the U.S. Senate voted to repeal the final rule from the Consumer Financial Protection Bureau (CFPB) to cap rate fees. The Senate passed Banking Committee Chairman Tim Scott’s...
OCC Announces It Will Remove “Reputation Risk” from Bank Examination Manual
OCC Announces It Will Remove “Reputation Risk” from Bank Examination Manual The Office of the Comptroller of the Currency (OCC) recently announced that it will remove the term “reputation risk” from its examination manual. The examination teams will not...
