PYMNTS

JUNE 4, 2018

The Consumer Financial Protection Bureau (CFPB) said this past week that it is linking up with the Commodity Futures Trading Commission, eyeing a regulatory sandbox for FinTech firms. The Office of the Comptroller of the Currency (OCC) says that it has warned some financial companies that they should modify lending terms.

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CFPB Consumer Financial Protection Bureau (CFPB) Regs Office of the Comptroller of the Currency 47

PYMNTS

NOVEMBER 27, 2017

The Consumer Financial Protection Bureau (CFPB) is gearing up to sue Spain-based Santander Bank, claiming the bank has overcharged its car loan customers. Citing sources familiar with the CFPB’s plans, Reuters reported that the CFPB suit could happen as soon as Monday (Nov.

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CFPB Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Product 40

PYMNTS

MARCH 9, 2020

Waters said the two also did not follow legal orders with the Consumer Financial Protection Bureau (CFPB), Federal Reserve Board and Office of the Comptroller of the Currency (OCC). Between 2016 and 2018, the Fed, CFPB and OCC petitioned Wells Fargo to institute internal changes to head off future problems.

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Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency OCC CFPB 57

PYMNTS

MARCH 26, 2020

Five federal financial regulatory agencies are encouraging banks, savings associations and credit unions to offer small loans to consumers and small businesses in response to the coronavirus pandemic.

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Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Credit Union FDIC 52

PYMNTS

APRIL 13, 2018

The CFPB [Consumer Financial Protection Bureau] and OCC [Office of the Comptroller of the Currency] have collectively offered to resolve for an aggregate of $1bn in civil money penalties,” the bank said. “At million potentially unauthorized consumer and small business accounts.”.

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Office of the Comptroller of the Currency OCC CFPB Account Analysis 46

PYMNTS

MARCH 2, 2018

The acting director of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney , could allow other regulators to be in charge of supervisory matter, in an attempt to prevent duplications within government agencies and to reduce the burden for financial firms when it comes to exams. Chamber of Commerce event. “We’ve

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Consumer Financial Protection Bureau (CFPB) Regulations Office of the Comptroller of the Currency CFPB 40

PYMNTS

SEPTEMBER 9, 2016

The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency have levied the highest penalties ever on the leading U.S. Here are the numbers: $100 million | The amount that Wells Fargo has been fined by the CFPB. $85

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Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Deposit Account CFPB 40

PYMNTS

NOVEMBER 23, 2018

In June, Wells Fargo submitted a plan to regulators as part of a $1 billion settlement it reached with the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC). Wells Fargo is trying to avoid compensating all of the 600,000 drivers affected by its auto loan scandal.

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Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency OCC CFPB 49

PYMNTS

JULY 19, 2018

People familiar with the matter told WSJ that the Consumer Financial Protection Bureau (CFPB) is investigating the incident and is looking into whether customers were tricked and whether they had the ability to cancel the services.

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Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Product CFPB 40

Innovative Payments Association

FEBRUARY 24, 2025

Jonathan McKernan, the CFPB nominee, was nominated to head the CFPB on Feb. If confirmed, he will return to the FDIC board, along with the Comptroller. Until his confirmation, the CFPB will be run by Office of Management and Budget Director Russell Vought. He previously served on the FDIC Board.

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Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FDIC CFPB 40

PYMNTS

SEPTEMBER 12, 2018

Reuters , citing three sources familiar with the matter, reported that the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) told the bank that it has to do more to make sure it has located and compensated everyone impacted by the practice.

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Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency OCC CFPB 40

PYMNTS

MAY 24, 2018

The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The Consumer Bankers Association (CBA) said on Wednesday (May 23) that it welcomed a bulletin issued by the OCC. We cannot simply wish away that need.

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OCC Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FDIC 40

The Fintech Times

JULY 20, 2024

Rohit Chopra, director at CFPB “Our financial system is essential infrastructure for the entire economy, and it is deeply reliant on a handful of powerful big tech cloud service providers,” said Consumer Financial Protection Bureau (CFPB) director, Rohit Chopra.

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Treasury FS-ISAC Consumer Financial Protection Bureau (CFPB) Due Diligence 59

PYMNTS

NOVEMBER 23, 2017

22) report by American Banker , New York Venture Bank, which will be headquartered in New York, needs the nod of the Office of the Comptroller of the Currency (OCC) before it can launch operations. According to a Wednesday (Nov. Citing documents filed with the Federal Deposit Insurance Corp.

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Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FDIC Federal Reserve 40

PYMNTS

AUGUST 1, 2018

The proposed changes include moving the collection and storage of small business lending data, required under the Dodd-Frank Act , from the Consumer Financial Protection Bureau (CFPB) to the Office of Financial Research (OFR). Suggestions included that the U.S.

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Small Business Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency CFPB 40

PYMNTS

OCTOBER 11, 2017

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. As one might expect after such a long and intense build-up, the reactions were also fairly intense from both sides.

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Rules CFPB NCUA Credit Union 43

PYMNTS

MARCH 10, 2020

Chairwoman Waters highlighted the fact that the OCC has pointed to tens of thousands of cases requiring remediation for consumer abuse. He said in his testimony that the business model had been flawed. Scharf said there was “an enormous amount of resources working on it … I cannot give you a timeframe.”.

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Consumer Financial Protection Bureau (CFPB) Accounts Office of the Comptroller of the Currency OCC 52

Global Fintech & Digital Assets

DECEMBER 21, 2023

Long , Parag Patel , Barrie VanBrackle , Becky Critchley , Deric Behar , and Charlotte Collins On December 6, 2023, the Office of the Comptroller of the Currency (OCC) issued Bulletin 2023-37 (Guidance), which clarifies the OCC’s policy positions on the risk management of “Buy Now, Pay Later” (BNPL) lending.

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OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

Global Fintech & Digital Assets

JANUARY 12, 2024

Endnotes [1] The FFIEC members are the Board of Governors of the Federal Reserve System (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Consumer Financial Protection Bureau (CFPB), the National Credit Union Administration (NCUA), and the State Liaison Committee. [2]

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FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

Segpay

MARCH 24, 2025

Fraud & Consumer Protection Strong player protection, self-exclusion, and responsible gambling measures. A Deeper Dive into Australia's Regulations Online Gaming (Esports & Video Games) Generally, falls under consumer protection and classification laws rather than gambling regulations.

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Compliance Suspicious Activity Report (SAR) Fincen AML 71

CB Insights

NOVEMBER 2, 2017

Looking at the top breaches since the financial crisis highlights some of the impacts that major gaps in regulation have on consumers. Oversight has also increased, through the creation of new agencies and initiatives like the Consumer Finance Protection Bureau (CFPB), which was established to protect consumers.

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Compliance Regulations Audit Office of the Comptroller of the Currency 72

PYMNTS

JUNE 9, 2018

Banks : And you thought it was just Wells Fargo: The Office of the Comptroller of the Currency looked at 40 banks, of the large and mid-sized variety, and found systemic problems (some of which the FIs scrambled to address and the OCC said those actions were sufficient redress) – such as opening accounts without consumer permission.

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Office of the Comptroller of the Currency OCC Blockchain Faster Payments 51

Clearly Payments

FEBRUARY 8, 2024

The payment landscape in the United States is intricate, continuously evolving to accommodate innovations and meet the changing demands of consumers. Its primary objectives encompass safeguarding consumers, maintaining financial stability, promoting market integrity, preventing fraud and security breaches, and ensuring legal compliance.

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Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

PYMNTS

APRIL 23, 2018

A one billion dollar fine has arrived on Wells Fargo’s doorstep as part of a “coordinated action” between the Consumer Finance Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC). Wells ’ Billion Dollar Fine. Those customers did not ask for it, and in many cases did not want it.

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OCC Credit Cards CFPB Office of the Comptroller of the Currency 40

Fintech Finance

MARCH 5, 2025

Congress, McHenry has introduced multiple bipartisan measures to expand consumer access to credit, and is a champion of an innovation-focused regulatory environment. “Consumers depend on affordable and efficient access to credit to realize their vision of the American dream. In his twenty plus years in the U.S.

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Advisors Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency BNPL 82

PYMNTS

OCTOBER 9, 2018

About a year ago, the CFPB, which now goes by the BCFP, dropped the final version of its payday lending regulations. Lenders actually prefer customers who will re-borrow repeatedly,” then-CFPB Executive Director Richard Cordray said after releasing the new regulations last year. Payday loan revenues have plummeted from $9.2

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CFPB OCC Office of the Comptroller of the Currency Rules 56

PYMNTS

JANUARY 3, 2017

The CFPB is casting a critical eye on overdraft fees charged by banks — despite facing an uncertain future in the Trump administration. Consumer advocates have long noted that overdraft fees have quietly become a surging source of income for banks. We view overdrafts as a consumer choice,” he says. “In

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CFPB Office of the Comptroller of the Currency Regulations Tax Refunds 41

FICO

JULY 17, 2017

These include eliminating the proprietary trading restrictions of the ‘Volcker’ Rule, major changes to the Financial Stability Oversight Council and the diminished authority and independence of the Consumer Financial Protection Bureau (CFPB).

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Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency CFPB Financial Crimes 40