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0:15
ABN American Bankers Association — newsroom Source document ↗
United States American Bankers Association — newsroom Conduct & Consumer ✓ 10 claims 22 Oct 2026

Forbright Bank survey finds millennials most likely to save regularly for emergencies

Forbright Bank's second annual savings survey breaks down how different generations build financial wellness, covering saving habits, comfort discussing money, and use of digital tools like autopay. The findings matter for banks designing financial wellness programs and products aimed at specific age cohorts.

  • Forbright Bank's second annual savings survey polled more than 3,200 people.
  • 71% of millennials said they regularly contribute to an emergency fund, the highest share of any generation surveyed.
  • 72% of Gen Z respondents reported being comfortable talking about money, versus 56% of millennials, 47% of Gen Xers and 31% of baby boomers.
  • Only 28% of Forbright Bank customers and 20% of general consumers said they feel comfortable talking with their children about finances.
  • 66% of Forbright Bank customers reported autopaying bills to avoid late fees, the top-ranked money-saving action in the survey.
Source document
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TSS Texas State Securities Board Source document ↗
United States Texas State Securities Board Conduct & Consumer ✓ 12 claims 21 Oct 2026

Texas secures guilty plea in Midland oil-and-gas investment fraud case

The Texas State Securities Board reports a criminal conviction in a Midland County securities fraud case involving fraudulent oil-and-gas investment solicitations. For enforcement and compliance leads, it illustrates how misrepresentations about escrow protection and undisclosed liabilities translate into criminal liability, and how the state securities regulator supplies a special prosecutor to local district attorneys to close these cases.

  • Teddlie pleaded guilty to securities fraud and theft in Cause No. DCR-26-00561 in Midland County's 238th Judicial District Court.
  • His 10-year sentence was suspended and replaced with eight years' community supervision, plus $75,000 in upfront restitution.
  • Teddlie falsely represented that investor funds would remain in an attorney escrow account during the sale.
  • He failed to disclose prior civil judgments, outstanding federal tax liens and pending criminal indictments at the time of solicitation.
  • The scheme was promoted through KCET Consulting Advisors LLC and Dakota Petroleum Group LLC.
Source document
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SEC Federal Register — SEC Source document ↗
United States Federal Register — SEC Conduct & Consumer ✓ 13 claims 21 Oct 2026

SEC proposes letting advisers charge performance fees on retail mutual funds

The SEC wants to rewrite rule 205-3 under the Advisers Act so that advisers to registered funds and BDCs can charge capital-gains-based performance fees, subject to a 20% cap and independent board sign-off, and so that the qualified client test tracks the accredited investor definition. This segment covers what changes, the conditions attached, the new disclosure obligations, and where the drafting leaves open questions.

  • Performance-based compensation to a regulated fund could not exceed 20% of the fund's net gains over a specified period.
  • The fund's board, including a majority of independent directors, must find the arrangement in the best interest of shareholders and make specific findings on its structure and investor protections.
  • The 'qualified client' definition would incorporate the Regulation D accredited investor test and remove the assets-under-management test.
  • Forms N-1A, N-2 and N-CSR would be amended to require separate disclosure of all performance-based compensation paid to the adviser.
  • Comments are due December 7, 2026 under File No. S7-2026-28; unit investment trusts and N-3 variable annuity separate accounts are excluded.
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ECDI European Commission Digital Strategy Source document ↗
European Union European Commission Digital Strategy Conduct & Consumer ✓ 14 claims 21 Oct 2026

EU opens DSA proceedings into Booking.com over fraudulent listings and phishing scams

The European Commission has opened formal proceedings against Booking.com under the Digital Services Act. It covers three questions: whether the platform diligently assessed and mitigated fraud risks, whether phishing scams exploited its reservation and guest data, and whether paid-for ranking boosts were disclosed as ads. This segment sets out exactly what the Commission is examining and where the exposure sits.

  • The European Commission opened formal DSA proceedings against Booking.com on 21 October 2026.
  • The Commission is examining whether Booking.com diligently assessed and effectively mitigated risks from fraudulent listings and phishing scams.
  • A separate strand concerns paid-for boosted listings allegedly not clearly labelled as advertisements to users.
  • The investigation covers phishing scams that exploit Booking.com's reservation and guest data.
  • Booking.com is supervised directly by the Commission as a designated very large online platform under the DSA.
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FCA FCA Source document ↗
United Kingdom FCA Conduct & Consumer ✓ 22 claims 21 Oct 2026

FCA bans ex-CEO who fronted for disqualified director in £4m mini-bond scheme

The FCA has banned two individuals connected to Vector Wealth Ltd after a disqualified director used the firm's authorised status to sell high-risk mini-bonds. This item sets out the fines, the restitution ordered, and how the regulator treated cooperation and financial hardship, useful reading for anyone weighing SMCR exposure where control of an authorised firm changes hands.

  • Jeffrey Dawkins was banned and fined nearly £270,000 for acting as a front for a disqualified director at Vector Wealth Ltd.
  • Dawkins was ordered to pay £57,298 plus interest (£68,257) of proceeds from selling the firm and continuing as its director and approved person.
  • Kadir Kanizi was banned from senior management roles; his £80,096 penalty was reduced to £20,000 for financial hardship and redirected to liquidators.
  • Investors are expected to lose about £4 million, having invested £105,000 on average with one investing £1.1 million.
  • There is a statutory obligation to report a change in control of authorised firms, which this case turned on.
Source document
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SEC Federal Register — SEC Source document ↗
United States Federal Register — SEC Conduct & Consumer ✓ 18 claims 21 Oct 2026

SEC reissues comment-filing details for CFA accredited-investor proposal

The SEC has published a technical correction to its request for comment on designating the Chartered Financial Analyst (CFA) designation as a qualifying credential for accredited natural persons. The correction restates how and where comments on File No. 4-933 must be submitted. It changes nothing in the underlying question but is the operative reference for anyone preparing to respond.

  • The correction (FR Doc. C1-2026-20311) amends the ADDRESSES section of notice 2026-20311, which began on page 63314 in the Federal Register issue of Monday, October 5, 2026.
  • The underlying notice, Release No. 33-11447; File No. 4-933, concerns designating the Chartered Financial Analyst designation as qualifying natural persons for accredited investor status.
  • Comments may be filed via the Commission's internet comment form, by email to rule-comments@sec.gov, or on paper to Vanessa A. Countryman, Secretary, SEC, 100 F Street NE, Washington, DC 20549-1090.
  • All submissions should refer to File Number 4-933, and commenters are asked to use only one method of submission.
  • The Commission will post all submitted comments on its website and will not accept personally identifiable information that commenters do not wish made public.
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DFI Washington State DFI Source document ↗
United States Washington State DFI Conduct & Consumer ✓ 12 claims 20 Oct 2026

Washington fines Cultivating Wealth $7,500 over unregistered adviser representative

Washington's Department of Financial Institutions has entered a consent order against The Stanich Group, LLC, doing business as Cultivating Wealth, over an employee who worked as an investment adviser representative in the state without being registered or exempt. The order sets out the fine, costs and cease and desist terms.

  • Washington DFI entered Consent Order S-25-4050-26-CO01 against The Stanich Group, LLC d/b/a Cultivating Wealth on October 12, 2026.
  • The order cites a violation of RCW 21.20.040 for acting as an unregistered investment adviser representative in Washington.
  • The firm must pay a $7,500 fine and $750 in investigative costs.
  • The order includes a cease and desist directive against further unregistered activity.
Source document
0:15
DFI Washington State DFI Source document ↗
United States Washington State DFI Conduct & Consumer ✓ 15 claims 20 Oct 2026

Washington DFI opens rulemaking to define dishonest franchise-broker conduct

Washington's Department of Financial Institutions has opened a rulemaking that could, for the first time, set out in rule which franchise-broker practices count as dishonest or unethical under state law. The filing is at its earliest stage, with no draft text attached. This segment covers what the Securities Division says it is considering and what franchise brokers operating in the state should watch for next.

  • Washington's DFI Securities Division has opened a rulemaking on Chapter 460-82 WAC, currently listed with status 'Open'.
  • The division is considering amendments that would define certain franchise-broker conduct as 'dishonest or unethical practices in the franchise industry' under RCW 19.100.252.
  • The published materials consist of a CR-101 document; no proposed rule text has been released at this stage.
  • The industry affected is franchise brokers operating in Washington State.
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DOJ DOJ Criminal Division Source document ↗
United States DOJ Criminal Division Conduct & Consumer ✓ 17 claims 20 Oct 2026

Instacart to pay $5 million over hiring practices that favored visa holders

This item covers a joint DOJ Civil Rights Division and EEOC settlement with Instacart resolving citizenship-status and national-origin discrimination claims tied to the company's PERM visa sponsorship recruitment. It matters to employers running PERM processes, since the case turns on a narrow but common recruitment practice that regulators treated as discriminatory.

  • Instacart will establish a settlement fund of up to $4,000,000 for applicants and deterred applicants affected from December 2023 to February 2026.
  • Instacart will pay $1,000,000 in civil penalties to the United States, separate from the compensation fund.
  • Investigators found Instacart required physical mailing of applications for PERM-advertised positions, departing from its standard electronic application process.
  • Instacart must post PERM positions on its public career website, accept electronic applications, train staff and submit to monitoring and reporting requirements.
  • This is the fifteenth settlement under the Protecting U.S. Workers Initiative and EEOC's fourth public settlement under Project Firewall since 2025.
Source document
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SEC SEC Press Releases Source document ↗
United States SEC Press Releases Conduct & Consumer ✓ 12 claims 20 Oct 2026

SEC and IOSCO regulators issue joint fraud bulletin for World Investor Week's tenth year

The SEC has issued a joint investor bulletin with domestic and international regulators to mark World Investor Week. This is an awareness exercise, not a rule change, but it signals where securities regulators collectively see retail fraud risk concentrating — relationship investment and impersonation scams — and is worth a few minutes for anyone tracking supervisory priorities on investor protection.

  • The SEC issued the joint Investor Bulletin on October 5, 2026 as part of World Investor Week.
  • US efforts were coordinated with the CFTC, FINRA, SIPC, NFA and NASAA.
  • World Investor Week is an IOSCO-led global effort spanning six continents, now marking its tenth anniversary.
  • The bulletin highlights rising relationship investment and impersonation scams and directs investors to Investor.gov.
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MAS MAS — Monetary Authority of Singapore Source document ↗
MAS — Monetary Authority of Singapore Conduct & Consumer ✓ 17 claims 20 Oct 2026

MAS moves to make FIDReC dispute scheme mandatory for payment institutions

MAS wants to close a gap left since the Payment Services Act commenced in 2020, when payment firms were exempted from the independent dispute-resolution requirement that binds other retail-facing financial institutions. This consultation extends FIDReC membership to major and standard payment institutions, flags stablecoin issuers for later inclusion, and sets out how onboarding fees, case fees and levies will be worked out through 2027.

  • All MPI and SPI licensees under the Payment Services Act 2019 would be required to subscribe to FIDReC under a new limb in Part 1 of the Second Schedule to the DRS Regulations.
  • MAS-regulated stablecoin issuers will be added as a further amendment after the stablecoin regulatory framework comes into force; MPI/SPI members who later acquire a stablecoin licence need not reapply.
  • Money-changing licensees are excluded because of simple business models, smaller sums handled and complaints that typically concern service and exchange rates rather than financial loss.
  • Subscribing PSPs will pay an initial onboarding fee, case fees per eligible dispute and an annual general levy, with the framework to be settled with industry over 2027.
  • Since the Shared Responsibility Framework took effect to 30 June 2026, FIDReC received 416 claims against e-wallet providers and handled 141, of which 99% concluded at mediation and 1% required adjudication.
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AFI Alliance for Financial Inclusion Source document ↗
Philippines Alliance for Financial Inclusion Conduct & Consumer ✓ 12 claims 20 Oct 2026

BSP Deputy Governor Calls for Shift from Financial Inclusion to Financial Health

An opinion piece from Bangko Sentral ng Pilipinas Deputy Governor Bernadette Romulo-Puyat argues that access to financial products is not enough if people do not use, trust or understand them. She sets out concrete steps BSP has taken and plans, relevant to anyone tracking Philippine financial regulation or ASEAN-wide policy coordination.

  • The Philippines' National Strategy for Financial Inclusion will be revised into a National Strategy for Financial Health and Inclusion, with a core group developing a separate National Strategy for Financial Education.
  • BSP has removed all online gambling links from mobile banking services, e-wallets and digital marketplaces.
  • BSP revised bancassurance rules to increase the selection of insurers available to customers.
  • BSP has introduced a new annual financial health survey to measure financial well-being nationally.
  • As current ASEAN chair, the Philippines is advocating for a common regional financial health framework.
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SEC SEC Press Releases Source document ↗
United States SEC Press Releases Conduct & Consumer ✓ 21 claims 20 Oct 2026

SEC fines adviser Zoe Financial $450,000 over undisclosed referral conflict

The SEC has settled with Zoe Financial Inc. over how its referral service matched clients with third-party advisers. The case turns on human salespeople overriding an algorithm to suggest advisers Zoe had a financial incentive to favour, and on a disclosure gap that ran until December 2024. For compliance teams running referral or matching platforms, it is a short, pointed read on where fiduciary disclosure attaches.

  • Zoe Financial agreed to a cease-and-desist order, a censure and a $450,000 civil monetary penalty without admitting the SEC's findings.
  • The SEC found the conflict was not adequately disclosed in Zoe's Form ADV Brochure until December 2024.
  • Although the matching algorithm ignored whether an adviser used Zoe Wealth, salespeople often suggested advisers the algorithm had not recommended.
  • Zoe also disclosed that certain advisory firms held indirect minority interests presenting a conflict, but did not accurately describe how it mitigated that conflict.
  • The order acknowledges remedial steps including compliance manual revisions and the hiring of an in-house chief compliance officer.
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ESMA ESMA Source document ↗
European Union ESMA Conduct & Consumer ✓ 19 claims 19 Oct 2026

ESMA finds EEA enforcement uneven as three states hold two-thirds of fine value

ESMA's annual consolidated account of how national authorities enforce EU financial markets rules is the clearest public measure of where, and whether, breaches are actually punished. The 2025 edition finds enforcement volumes stable but heavily concentrated, and openly flags divergence that market size does not explain. For anyone operating across EEA jurisdictions, it signals where ESMA now wants outcomes to converge.

  • National authorities imposed more than 950 administrative sanctions and measures across the EEA in 2025, with aggregate fines of almost €82 million.
  • Germany, France and Spain together accounted for two-thirds of the total value of administrative fines across the EEA.
  • Enforcement remained focused on breaches of the Market Abuse Regulation and MiFID II/MiFIR, with increased use of settlements noted.
  • ESMA will continue case discussions among national authorities to make similar breaches produce similar enforcement outcomes across the EU.
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DFI Washington State DFI Source document ↗
United States Washington State DFI Conduct & Consumer ✓ 12 claims 19 Oct 2026

Washington DFI charges Pacific Watercraft and Robin Lynn Sells over $5m unregistered offer

Washington's Division of Securities has issued a Statement of Charges against Pacific Watercraft Group and its principal Robin Lynn Sells, alleging an unregistered $5 million offering made without disclosure of the principal's bankruptcy and enforcement history. The action seeks a cease and desist order plus fines and costs. This item sets out what the charges contain and what happens next.

  • The Statement of Charges was entered on October 6, 2026 under file S-26-4197-26-SC01.
  • The respondents allegedly offered up to $5 million in unregistered debt and equity securities to a potential investor in 2026.
  • The undisclosed material information allegedly included four bankruptcy filings by Sells, three previous Securities Division actions, and a 2020 bankruptcy filing by Pacific Watercraft Group.
  • The order cites RCW 21.20.010, RCW 21.20.140 and RCW 21.20.040 and seeks a cease and desist order plus fines and costs.
  • The respondents have a right to request a hearing on the Statement of Charges.
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FCA FCA Publications Source document ↗
United Kingdom FCA Publications Conduct & Consumer ✓ 20 claims 19 Oct 2026

FCA consults on minimum redemption terms for retail funds holding illiquid assets

The FCA has opened CP26/35, proposing that retail funds investing in illiquid assets such as real estate align their redemption terms with the time it actually takes to sell what they hold. It runs to 11 December 2026, with final rules expected in H1 2027. Anyone running, distributing or wrapping NURS funds in scope should read how the proposals reshape the FIIA regime.

  • The consultation proposes minimum redemption terms for NURS invested mainly in inherently illiquid assets, so terms reflect the time taken to sell them.
  • Scope captures NURS funds with at least 50% of scheme property in inherently illiquid assets, plus other NURS with limited redemption arrangements.
  • The proposals amend the Funds Investing in Inherently Illiquid Assets (FIIA) regime and bind all Authorised Fund Managers.
  • Responses are due by 11 December 2026, with final rules expected in H1 2027.
  • Distributors, advisers, SIPP operators, depositaries and unit-linked life product providers referencing relevant NURS are also in scope.
Source document
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ABN American Bankers Association — newsroom Source document ↗
United States American Bankers Association — newsroom Conduct & Consumer ✓ 17 claims 19 Oct 2026

ABA Guidance Clarifies Business-Purpose Loans Are Not Exempt Across All Lending Rules

ABA's October compliance column answers a recurring examiner question: does a business-purpose loan secured by a home automatically fall outside consumer protection rules? The answer, drawn directly from Regulation Z, X, C and B text and commentary, is no — each regulation must be checked separately, and the same loan can be exempt from some and covered by others.

  • Regulation Z, §1026.3(a)(1), excludes an extension of credit made primarily for a business, commercial, or agricultural purpose, and comment 3(a)-3.ii.A confirms this covers loans secured by a borrower's residence.
  • Regulation X, §1024.5(b)(2), exempts business-purpose loans from RESPA coverage and allows lenders to rely on the Regulation Z determination.
  • Regulation C requires a separate analysis under §1003.3(c)(10): a business-purpose mortgage is excluded from HMDA reporting unless it qualifies as a home improvement loan, home purchase loan, or refinancing.
  • Regulation B, §1002.2(g), defines business credit but contains no general exemption comparable to Regulations Z or X, meaning ECOA generally continues to apply, including the notification requirements in §1002.9(a)(3).
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DOJ DOJ Criminal Division Source document ↗
United States DOJ Criminal Division Conduct & Consumer ✓ 17 claims 18 Oct 2026

Cloudera barred from PERM program two years, pays $1.4m back pay over US-worker bias

The Justice Department's Civil Rights Division and the Department of Labor announced a coordinated resolution with Cloudera Inc. over alleged discrimination against qualified US workers during PERM recruitment. The settlement pairs a two-year debarment from the labor certification program with a back-pay fund, civil penalties and ongoing compliance obligations. For any employer running PERM sponsorship, this item signals how the two agencies are now working the same case in tandem.

  • Cloudera will be barred from participating in the PERM program for two years, following DOL's earlier suspension of its PERM processing.
  • The company will establish a $1.4 million back-pay fund for qualified US workers who tried to apply for the jobs at issue but were not given fair consideration.
  • Cloudera will pay $600,000 in civil penalties and resolves a DOJ lawsuit filed in April alleging INA violations across seven PERM positions.
  • Cloudera accepts compliance obligations including enhanced monitoring, revised PERM procedures and reporting requirements.
  • DOJ said this is the fourteenth settlement since it relaunched its Protecting U.S. Workers Initiative in 2025.
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FINA Financial Services and the Treasury Bureau Source document ↗
Hong Kong Financial Services and the Treasury Bureau Conduct & Consumer ✓ 11 claims 16 Oct 2026

Hong Kong sets December 21 start for MPF Phase One full portability

Hong Kong's Financial Services and the Treasury Bureau has gazetted the commencement notice fixing December 21 as the date the Mandatory Provident Fund Schemes (General) (Amendment) Regulation 2025 takes effect. This piece covers what the regulation allows, who qualifies, and the timeline for the next phase, giving compliance teams the operative date and scope.

  • The Commencement Notice appoints December 21 as the date the Amendment Regulation (L.N. 206 of 2025) comes into operation.
  • Only employees whose employment commenced on or after May 1, 2025 (New EEs) qualify for Phase One portability.
  • Eligible employees may transfer the entire amount of accrued benefits from employer mandatory contributions to a personal MPF account of their own choice.
  • Transfers are permitted once every calendar year, or more frequently if the losing scheme's governing rules allow it.
  • The government will introduce a Phase Two amendment bill into LegCo by mid-2027 to extend portability to remaining employees.
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SFC SFC Hong Kong Source document ↗
SFC Hong Kong Conduct & Consumer ✓ 18 claims 16 Oct 2026

SFC flags IPO resourcing gains but warns on dubious bookbuilding arrangements

Hong Kong's securities regulator reports measurable improvement in sponsor resourcing since its January circular, while simultaneously disclosing newly identified red flags around dubious IPO funding, allocation and post-listing arrangements. The circular sets fresh guidance on what counts as an Active Listing Engagement and spells out escalation duties for sponsors, overall coordinators and capital market intermediaries.

  • Strained Sponsors fell from 9 to 2 and Strained Principals from 45 to 10 between 30 January and 30 September 2026, a 78% decrease in both.
  • As of 30 September 2026 there were over 610 active listing applications involving 64 Sponsors and 325 signing Principals, up from over 420 applications, 53 Sponsors and 261 Principals in January.
  • The SFC received 210 Principal submissions between January and September 2026, of which 50 were returned or withdrawn for incomplete information or fundamental issues.
  • A December 2025 joint letter with SEHK cited concerns from 57 listing applications across 13 Sponsors; vetting was suspended for 65 applications, with 14 resumed by 1 October 2026.
  • The SFC lists six red flags for dubious IPO arrangements, including undisclosed investor funding, concentrated allocations directed by the listing applicant, and derivatives concealing ultimate investor identity.
Source document
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FED Federal Reserve Source document ↗
United States Federal Reserve Conduct & Consumer ✓ 20 claims 15 Oct 2026

Fed's 2025 Survey of Consumer Finances shows median income up 7%, net worth up 2%

The Federal Reserve's triennial Survey of Consumer Finances is the most detailed public dataset on what American families own, owe and how they bank. The 2025 results show gains concentrated at median levels alongside declines in mean income, a slip in stock-market participation, and a rise in families carrying heavy debt-service burdens. For anyone calibrating consumer-credit or vulnerability models, this is primary data.

  • Real median family income rose 7 percent to $82,200 between the 2022 and 2025 surveys, while real mean income fell 6 percent to $145,200.
  • Real median net worth rose 2 percent to $215,900 and real mean net worth rose 7 percent to $1.24 million.
  • The share of families with debt payment-to-income ratios above 40 percent increased from 6.5 to 8.6 percent, a level last seen in the 2013 survey.
  • Stock-market participation declined to 56 percent in 2025 from 58 percent in 2022, while median holdings among those invested grew 36 percent to $77,400.
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FCA FCA Source document ↗
United Kingdom FCA Conduct & Consumer ✓ 21 claims 15 Oct 2026

Upper Tribunal to hear motor finance redress scheme challenge in February 2027

The FCA has a hearing date for the legal challenges to its motor finance compensation scheme. The segment covers who is challenging, what lenders must still do while the scheme is partially suspended, and the contingency the regulator is telling firms to plan for if the scheme is struck down. Relevant to anyone managing redress exposure or provisioning in motor finance.

  • Upper Tribunal will hear the challenges between 16 and 26 February 2027, with judgment expected in the following months.
  • Challengers are VW, Mercedes Benz and Crédit Agricole auto finance units, plus Consumer Voice represented by Courmacs Legal.
  • FCA tells lenders to make financial provisions, engage auditors and prepare for the scheme being quashed with no complaint-handling pause.
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SEC SEC Press Releases Source document ↗
United States SEC Press Releases Conduct & Consumer ✓ 11 claims 15 Oct 2026

SEC charges Meyer Global Management and CEO over fraud in SpaceX pre-IPO funds

The SEC has sued a private fund adviser and its CEO over a multi-year scheme centred on pre-IPO securities including SpaceX. For asset management compliance leads, it is a case study in how fiduciary breach, misappropriation and investor-reporting fraud can compound inside the hard-to-value private markets that retail money is increasingly chasing.

  • SEC alleges misappropriation of client assets to fund Meyer's personal expenses across at least three MGM-managed fund schemes since December 2021.
  • One MGM-managed fund forfeited its nearly $3,000,000 SpaceX investment after a capital-call deficiency went repeatedly unaddressed.
  • Charges filed in SDNY under Advisers Act antifraud provisions; SEC seeks injunctions, disgorgement with interest, penalties and a conduct-based injunction against Meyer.
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CFPB CFPB Source document ↗
United States CFPB Conduct & Consumer ✓ 13 claims 15 Oct 2026

CFPB opens debanking probe of nine largest US banks after OCC report

The CFPB has picked up an OCC report naming the nine largest national banks and turned it into an enforcement lane. This segment covers who is named, which statutes the bureau will test them against, and how a politically framed consumer-protection action reshapes supervisory exposure for institutions above the $10 billion threshold.

  • The CFPB will investigate the nine OCC-named banks and others for compliance with ECOA, FCRA adverse-action rules and UDAAP.
  • The OCC report cited debanking of sectors including firearms, oil and gas, and tobacco, with excerpts from bank emails.
  • The initiative implements Executive Order 14331; the CFPB supervises banks above $10 billion in assets.
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