Regulatory actions and programs

Verdict coming on OCC's supervision of Wells Fargo

01/28/20

Critics of the OCC have long maintained that the agency was too close with the San Francisco bank. A watchdog's assessment of what transpired between 2009 and 2017 is expected to be completed late this spring.

[more]

CFPB names longtime agency critic to chair consumer task force

01/09/20

Todd Zywicki, a law professor who has sharply criticized the CFPB as an unaccountable bureaucracy, has been named chair of an agency task force identifying potential conflicts and inconsistencies in consumer finance law.

[more]

The Bancorp warns of looming BSA-related civil money penalty

11/13/19

The FDIC is pursuing the penalty five years after hitting the Delaware company with a consent order tied to BSA and AML compliance.

[more]

HomeStreet fined for RESPA violations

11/06/19

The FDIC ordered the Seattle bank to pay a nearly $1.4 million fine tied to improper agreements with real estate brokers and homebuilders.

[more]

Wells Fargo takes $1.6 billion legal charge, dragging down 3Q earnings

10/15/19

Investors got a reminder that the bank isn’t past its problems even as it seeks a fresh start under a new leader.

[more]

CFPB launches task force to identify gaps in consumer finance law

10/11/19

CFPB Director Kathy Kraninger announced the creation of a task force to research and identify potential conflicts in consumer finance law.

[more]

Suspicious circumstances in failure of Enloe State Bank

06/03/19

Someone reportedly was burning paper at the Texas bank on a recent Saturday night, and a state regulator cited "insider fraud and abuse" after Enloe was closed.

[more]

CFPB political appointee named agency's No. 2

05/13/19

Brian Johnson, a Republican political appointee at the CFPB, has been named the agency's deputy director, the No. 2 job behind Director Kathy Kraninger.

[more]

Wells Fargo creates unit to satisfy regulatory demands

05/08/19

It is designed exclusively to address concerns of regulators who have complained about the bank's lack of progress in recovering from a series of scandals.

[more]

SBA's rationale for raising fees: More loans will go bad

04/03/19

Lenders argue that the move is premature, citing record-low charge-offs in the agency's 7(a) program.

[more]