Enforcement actions

Edinburg Teachers Credit Union placed into conservatorship


The Texas-based institution is the third credit union to be taken over by regulators this year.



CFPB rescinds Trump-era policy defining 'abusive' conduct


The agency's new leadership, which has already unwound numerous actions from the prior administration, said the January 2020 guidance implementing criteria for punishing firms that mistreat customers was “inconsistent with the bureau’s duty to enforce Congress’s standard.”


Fed orders Nano Banc in California to reduce CRE concentration


The bank must submit a plan for improving its risk management and decreasing its commercial real estate exposure, the Federal Reserve said in an enforcement order.


States failed to fulfill consumer protection promise in Trump era


As the Consumer Financial Protection Bureau slowed its pursuit of bad actors, state attorneys general vowed to pick up the slack. Here’s why they fell short — and why they are poised to get aggressive again.