The Consumer Financial Protection Bureau reported supervisory observations and exam findings in automobile loan servicing, deposits, mortgage servicing, and remittances between June 2018 and November 2018.
The Federal Reserve Board, the Office of the Comptroller of the Currency, the FDIC, the Consumer Financial Protection Bureau, the National Credit Union Administration and the Conference of State Bank Supervisors encouraged financial institutions to work with consumers impacted by the federal government shutdown.
A national bank reached an agreement with the Consumer Financial Protection Bureau to pay $335 million in restitution to customers affected by alleged failures to properly adjust annual credit card interest rates.
The Consumer Financial Protection Bureau published in the Federal Register an amended version of the rule on prepaid card accounts. The effective date of the rule was delayed by one year to April 1, 2019.