CFPB Obtains Ban Against Debt Relief CEO Daniel Crenshaw

Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its allegations that Performance SLC, a student loan debt relief business, and Performance Settlement, a general debt-settlement company, along with their owner an…

Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its allegations that Performance SLC, a student loan debt relief business, and Performance Settlement, a general debt-settlement company, along with their owner and CEO, Daniel Crenshaw, engaged in wrongful fee-charging practices and deceptive telemarketing.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-obtains-ban-against-debt-relief-ceo-daniel-crenshaw/

OCC Announces Workshops for Directors of National Community Banks and Federal Savings Associations

The Office of the Comptroller of the Currency (OCC) today announced its schedule of workshops for board directors of national community banks and federal savings associations for the second half of 2022.

The Office of the Comptroller of the Currency (OCC) today announced its schedule of workshops for board directors of national community banks and federal savings associations for the second half of 2022.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-44.html

Acting Comptroller Issues Statement on Standards for Stablecoins

Acting Comptroller of the Currency Michael J. Hsu issued the following statement after his appearance today at the Artificial Intelligence and the Economy: Charting a Path for Responsible and Inclusive AI symposium hosted by the U.S. Department of Comm…

Acting Comptroller of the Currency Michael J. Hsu issued the following statement after his appearance today at the Artificial Intelligence and the Economy: Charting a Path for Responsible and Inclusive AI symposium hosted by the U.S. Department of Commerce, National Institute of Standards and Technology (NIST), FinRegLab, and the Stanford Institute for Human-Centered Artificial Intelligence.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-43.html

Prepared Statement of Director Rohit Chopra before the House Committee on Financial Services

Director Rohit Chopra’s opening statement before before the House Committee on Financial Services.

Director Rohit Chopra's opening statement before before the House Committee on Financial Services.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/prepared-statement-of-director-rohit-chopra-before-the-house-committee-on-financial-services/

Written Testimony of Director Rohit Chopra before the Senate Committee on Banking, Housing, and Urban Affairs

Chairman Brown, Ranking Member Toomey, and distinguished Members of the Committee, I am pleased to appear before you today in conjunction with the Consumer Financial Protection Bureau’s (CFPB) submission of the Semiannual Report to Congress.

Chairman Brown, Ranking Member Toomey, and distinguished Members of the Committee, I am pleased to appear before you today in conjunction with the Consumer Financial Protection Bureau’s (CFPB) submission of the Semiannual Report to Congress.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/written-testimony-director-rohit-chopra-before-the-senate-committee-on-banking-housing-and-urban-affairs/

CFPB Invokes Dormant Authority to Examine Nonbank Companies Posing Risks to Consumers

The Consumer Financial Protection Bureau (CFPB) announced that it is invoking a largely unused legal provision to examine nonbank financial companies that pose risks to consumers.

The Consumer Financial Protection Bureau (CFPB) announced that it is invoking a largely unused legal provision to examine nonbank financial companies that pose risks to consumers.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-invokes-dormant-authority-to-examine-nonbank-companies-posing-risks-to-consumers/

OCC Launches Discussion Series on Financial Health

The Office of the Comptroller of the Currency (OCC) today announced the launch of a discussion series to explore issues relating to the financial wellbeing of consumers.

The Office of the Comptroller of the Currency (OCC) today announced the launch of a discussion series to explore issues relating to the financial wellbeing of consumers.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-42.html

OCC Issues Consent Order Against Anchorage Digital Bank

The Office of the Comptroller of the Currency (OCC) today issued a Consent Order against Anchorage Digital Bank, Sioux Falls, S.D.

The Office of the Comptroller of the Currency (OCC) today issued a Consent Order against Anchorage Digital Bank, Sioux Falls, S.D.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-41.html

OCC Enforcement Actions and Terminations

The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-40.html