The Federal Reserve Board (FRB) issued a proposal to revise the large financial institution rating framework as it applies to the “well managed” status of a firm. The FRB believes that the... Read more »
The Office of the Comptroller of the Currency (OCC) announced that is no longer examining banks for reputation risk. Source link Read more »
The Consumer Financial Protection Bureau (CFPB) published a report focusing on examination findings of credit card and auto lenders that use advanced technologies in credit scoring models. Source link Read more »
The Consumer Financial Protection Bureau (CFPB) published a report summarizing findings of violations of federal consumer finance laws and compliance weaknesses identified in CFPB examinations between January and October 2024. Source link Read more »
The Consumer Financial Protection Bureau (CFPB) published Supervisory Highlights describing its findings from auto finance company examinations conducted between November 2023 and August 2024, including illegal practices in auto loan origination disclosures,... Read more »
On February 16, the CFPB issued revised rules updating its internal supervisory appeals process for institutions seeking to appeal a compliance rating or an adverse material finding. The updated rules open up new avenues for... Read more »