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The CFPB announced Wednesday that it had taken action against an online lead aggregator for steering consumers toward lenders who offered illegal or unlicensed loans that were void in the consumer’s state. The CFPB's press release said Zero Parallel, LLC sold consumers’ payday and installment loan applications to lenders it knew were likely to make void loans that the lenders had no legal right to collect. The CFPB also submitted a proposed order in a separate case that would resolve a pending lawsuit against Zero Parallel’s owner, Davit Gasparyan, for engaging in similarly illegal conduct at his prior company, T3Leads. The CFPB ordered Zero Parallel to end its illegal conduct and pay a $100,000 penalty. The proposed order against Gasparyan, said the CFPB, would prohibit him from engaging in the same abusive practice and require him to pay a $250,000 penalty.

• Consent order against Zaro Parallel, LLC<.li>
• Proposed order with respect to Gasparyan
• Previous complaint against Gasparyan

On Wednesday, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and state bank regulators issued a joint statement that they recognize the serious impact of Hurricane Irma on the customers and operations of many financial institutions and will provide regulatory assistance to affected institutions subject to their supervision. The agencies encouraged institutions in the affected areas to meet the financial services needs of their communities.

The regulators urged bankers to work constructively with borrowers in communities affected by the hurricane, adding that financial institutions may receive CRA consideration for community development loans, investments, or services that revitalize or stabilize federally designated disaster areas in their assessment areas or in the states or regions that include their assessment areas. They also encouraged bankers to appropriately monitor investments in municipal securities and loans that might be affected by the storm, and make prudent efforts as needed to stabilize such investments.

The statement also related a number of regulatory accommodations and other assistance available to assist banks that are heavily impacted by the storm.

The FDIC has issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in June 2017. Of the 67 banks listed, six received an "outstanding" rating, two were rated "needs improvement" and 59 obtained ratings of "satisfactory."

The Federal Reserve Board has announced that it has prohibited Daniel X. Brennan, a former mortgage production manager at Regions Bank, Birmingham, Alabama, from participating in the banking industry, after finding that Brennan engaged in unsafe and unsound practices, or breached his fiduciary duty to the bank, by making payments by personal check to a Regions Bank loan processor who processed and approved certain mortgage loans originated by Brennan, in violation of Regions' policies.

• Consent Order

HUD, FEMA, and the SBA have announced that, working with other federal, state, local, and tribal partners, they are beginning to direct efforts toward recovery, including housing survivors displaced by the disaster through the state-led disaster housing task force. HUD is the lead federal coordinating agency for long-term disaster-related housing needs resulting from Hurricane Harvey. Federal partners are working closely with the Texas state-led housing task force, as well as other state, local, tribal and voluntary agencies, to meet the need for quality affordable rental homes. They’re also focused on identifying strategies to strengthen the housing market, building inclusive and sustainable communities, and integrating disaster mitigation measures into community design and development, to reduce future damages.

The CFPB has published in today's Federal Register a notice and request for comment on a proposed new information collection, "Student Loan Servicing Market Monitoring." The Bureau would require quarterly data collection on aggregated student loan servicing metrics and borrower outcomes from and estimated ten student loan servicers. The order for the data is intended to help the Bureau carry out its market monitoring goals and is pursuant to the Bureau’s market monitoring authority under the Dodd-Frank Act. Comments are due by October 6, 2017.

The CFPB has posted an article offering a "Financial Tool Kit" for victims of Hurricane Harvey to help them address their financial situation once their immediate existential threats have been abated.

The OCC has released ratings for 27 national banks and federal savings associations recently evaluated for compliance with the Community Reinvestment Act (CRA). Seven institutions were rated outstanding, nineteen satisfactory, and one needs to improve.

The FDIC has posted its schedules for CRA examinations of state-chartered non-member banks and savings associations for the last quarter of 2017 and first quarter of 2018.

The CFPB has posted a new summary outlining and explaining the changes and clarifications made by its July 2017 TILA-RESPA Rule on its TRID Rule implementation page.