On Sept. 18, 2019, the Consumer Financial Protection Bureau (CFPB) announced enhancements to its Consumer Complaints Database (CCD). Outlined below are the enhancements made to the database. Highlighting the availability of answers to common financia...

At least one National Credit Union Administration (NCUA) Board Member supports more thorough credit union compliance exams by NCUA examiners. In a speech on Sept. 10, 2019, at the Women in Housing and Finance Policy Lunch, NCUA Board Member Todd M. H...

Continuing a trend set by the Financial Crimes Enforcement Network (FinCEN), the Consumer Financial Protection Bureau (CFPB) is promoting the use of innovation to facilitate compliance.  On Sept. 10, 2019, the CFPB announced it issued the following ...

On September 4, 2019, the Federal Trade Commission (FTC) announced a record $170 million penalty as part of a settlement with Google and its subsidiary YouTube for violations of the Children’s Online Privacy Protection Act (COPPA). This is a good r...

On August 30, 2019, the Federal Financial Institutions Examination Council (FFIEC) announced the availability of Home Mortgage Disclosure Act (HMDA) information collected for 2018. The HMDA data was collected from 5,683 financial institutions that we...

On August 27, 2019, the Consumer Financial Protection Bureau (CFPB) announced its first enforcement action for violations of the Remittance Transfer Rule and Regulation E. The twenty-page consent order is with Maxitransfers Corporation (Maxi), a priv...

On August 22, 2019, the Federal Reserve announced the Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council updated the Interagency Consumer Examination Procedures for the Flood Disaster Protection Act (FDPA). Th...

On August 21, 2019, the Financial Crimes Enforcement Network (FinCEN) issued an 18-page advisory to financial institutions to assist them in detecting and reporting opioid activity including fentanyl. FIN-2019-A006 lays out the various ways fentanyl ...