CFPB Releases Report on Financial Challenges Facing Rural Communities

Today the Consumer Financial Protection Bureau (CFPB) issued a report on the challenges faced by Americans in rural communities. The report highlights that many of these communities lack access to physical bank branches, are more likely to seek credit …

Today the Consumer Financial Protection Bureau (CFPB) issued a report on the challenges faced by Americans in rural communities. The report highlights that many of these communities lack access to physical bank branches, are more likely to seek credit from nonbanks, and are heavily affected by medical bills.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-releases-report-on-financial-challenges-facing-rural-communities/

Director Chopra's Opening Remarks to the Community Bank and Credit Union Advisory Councils

Director Chopra remarks at the April 7, 2022 combined CBAC & CUAC meeting.

Director Chopra remarks at the April 7, 2022 combined CBAC & CUAC meeting.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/director-chopras-opening-remarks-to-the-community-bank-and-credit-union-advisory-councils/

Consumer Financial Protection Bureau Requests Information on the Impact of the CARD Act Regulations on Small Entities and the Consumer Credit Card Market

The Consumer Financial Protection Bureau issued a request for information to examine the impact of the rules that implement the Credit Card Accountability Responsibility and Disclosure Act of 2009.

The Consumer Financial Protection Bureau issued a request for information to examine the impact of the rules that implement the Credit Card Accountability Responsibility and Disclosure Act of 2009.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-rfi-card-act-regulations-small-entities-and-consumer-credit-card-market/

Federal Bank Regulatory Agencies Issue Final Rule to Simplify Capital Calculation for Community Banks

Federal bank regulatory agencies finalized a rule that simplifies capital requirements for community banks.

Federal bank regulatory agencies finalized a rule that simplifies capital requirements for community banks.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-125.html

Federal Bank Regulatory Agencies Issue Final Rule to Simplify Capital Calculation for Community Banks

Federal bank regulatory agencies finalized a rule that simplifies capital requirements for community banks.

Federal bank regulatory agencies finalized a rule that simplifies capital requirements for community banks.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-125.html?utm_source=RSS_feed&utm_medium=RSS

Consumer Financial Protection Bureau Recommends Financial Institutions Report Suspected Financial Exploitation of Older Adults

The Consumer Financial Protection Bureau (Bureau) today issued an updated advisory to financial institutions urging them to report to the appropriate local, state and federal authorities whenever they suspect that an older adult is the target or victim…

The Consumer Financial Protection Bureau (Bureau) today issued an updated advisory to financial institutions urging them to report to the appropriate local, state and federal authorities whenever they suspect that an older adult is the target or victim of financial exploitation. 

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/bureau-recommends-financial-institutions-report-suspected-financial-exploitation-older-adults/