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Regulatory

Federal agency enforcement actions, rulemaking, and regulatory developments. Coverage of the SEC, FTC, CFPB, CFTC, OSHA, FDA, and other agencies shaping compliance and industry standards.

Regulatory
•4 min read

OSHA Launches Regional Safety Program for Gambling and Hotel Industries

The Occupational Safety and Health Administration's San Francisco regional office announced a new Regional Emphasis Program targeting workplace safety in gambling establishments and hotels/motels. The directive, issued April 23, aims to address safety concerns in these high-traffic hospitality sectors through focused enforcement efforts.

•OSHA San Francisco office issued Regional Emphasis Program directive SFO-CPL-05-00-001 targeting gambling and hotel industries
•Program focuses enforcement resources on workplace safety hazards common in casinos, hotels, and motels
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Regulatory
•4 min read

CFPB Grants Relief to Small Loan Providers Missing Registration Deadlines

The Consumer Financial Protection Bureau announced it will not prioritize enforcement or supervision actions against entities that miss future registration deadlines under its nonbank registry requirements. This regulatory relief specifically targets small loan providers struggling to comply with registration mandates.

•CFPB will not prioritize enforcement actions for missed registration deadlines under nonbank registry requirements
•Relief specifically targets small loan providers struggling with compliance under the Registry of Nonbank Covered Persons regulation
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Regulatory
•4 min read

CFPB Releases 2024 HMDA Mortgage Lending Data with Privacy Protections

The Consumer Financial Protection Bureau has released comprehensive 2024 Home Mortgage Disclosure Act data containing loan-level information from financial institutions. The dataset includes privacy modifications to protect consumer information while maintaining analytical value for mortgage market oversight.

•CFPB released comprehensive 2024 HMDA mortgage lending data containing loan-level information from financial institutions
•Data includes privacy modifications to protect consumer information while maintaining analytical value
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Regulatory
•4 min read

CFPB Releases Updated Annual List of Consumer Reporting Companies

The Consumer Financial Protection Bureau today published its annual list of consumer reporting companies, a regulatory update that provides transparency into the companies collecting and selling consumer credit information. This routine disclosure helps consumers understand which entities have access to their personal financial data.

•CFPB released its annual registry of consumer reporting companies as part of routine regulatory transparency
•The list provides consumers insight into which companies collect and sell their credit information
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Regulatory
•4 min read

CFPB Fines Wise $2.5 Million for Illegal Remittance Practices

The Consumer Financial Protection Bureau ordered international remittance company Wise to pay nearly $2.5 million in penalties for illegal practices in its money transfer operations. The enforcement action represents a significant regulatory crackdown on violations in the growing digital remittance market.

•CFPB imposed $2.5 million penalty on Wise for illegal remittance practices
•Action targets violations in international money transfer operations
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Regulatory
•4 min read

CFPB Report: Military Servicemembers Pay Higher Auto Loan Costs

A new Consumer Financial Protection Bureau report reveals that U.S. military servicemembers face higher costs and greater financial risks when obtaining auto loans compared to civilian borrowers, highlighting potential discriminatory practices in the auto lending market.

•CFPB report documents higher auto lending costs for military servicemembers compared to civilians
•Military personnel face greater financial risks in car financing arrangements
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Regulatory
•4 min read

CFPB Backs Washington Bill to Remove Medical Debt from Credit Reports

The Consumer Financial Protection Bureau's General Counsel Seth Frotman has written to Washington State legislators supporting proposed legislation that would prohibit medical bills from appearing on credit reports. The federal agency's backing adds significant weight to state efforts to protect consumers from the credit impact of medical debt.

•CFPB General Counsel formally endorses Washington state legislation on medical debt credit reporting
•Letter addressed to Senator Marcus Riccelli and Representative Joe Timmons signals federal support for state consumer protection measures
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Regulatory
•4 min read

CFPB Report Reveals Persistent Financial Challenges for Rental Households

The Consumer Financial Protection Bureau released two comprehensive reports analyzing national rental payment data from September 2021 to November 2024, revealing continued financial challenges faced by households in the rental market.

•CFPB analyzed three years of national rental payment data from September 2021 to November 2024
•Reports document ongoing financial challenges for households in the rental market
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Regulatory
•4 min read

CFPB Report: Cash-Out Mortgage Refinance Borrowers See Credit Improvements

The Consumer Financial Protection Bureau released a new report examining financial outcomes for consumers who used cash-out mortgage refinancing. The analysis reveals that these borrowers experienced improvements in their credit scores following the refinancing process.

•CFPB published comprehensive report on cash-out refinance mortgage borrower outcomes
•Study finds credit score improvements among cash-out refinance borrowers
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Regulatory
•4 min read

CFPB Report: Auto Repossession Rates Exceed Pre-Pandemic Levels

The Consumer Financial Protection Bureau published a report showing that auto repossession rates at the end of 2022 surpassed pre-pandemic levels, indicating continued financial stress among vehicle owners despite broader economic recovery.

•Auto repossession rates at end of 2022 exceeded pre-pandemic levels according to CFPB report
•More vehicles became eligible for repossession than before COVID-19, indicating consumer financial stress
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