The Consumer Financial Protection Bureau highlighted recent findings from supervisory exams covering auto loan origination, credit card account management, debt collection and mortgage origination.
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OFAC designated three individuals and 16 entities in connection with a "large-scale network of corruption" related to a Venezuelan food subsidy and distribution program.
A coalition of mortgage lenders and SIFMA made recommendations to the CFPB on proposed revisions to the definition of "Qualified Mortgage" under the Truth in Lending Act.
In comments supporting a CFPB proposal to amend the Fair Debt Collection Practice Act, the FTC recommended that the CFPB require collectors to adopt procedures to ensure consumers receive notices.
Three investment advisors settled SEC charges for improper advisory fees and excessive commissions related to unit investment trusts.