News & Announcements

The latest news and events from the New Hampshire Banking Department.

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Announcement

CFPB takes action against Bank of America for illegally charging junk fees, withholding credit card rewards and opening fake accounts

Bank of America will pay more than $100 million to consumers that were harmed and $150 million in penalties to the Consumer Financial Protection Bureau and the Comptroller of the Currency. The CFPB ru...

Posted: July 11, 2023

Announcement

CFPB to distribute more than $3.5 million to consumers that were charged illegal fees pertaining to federal student loans

This month, more than 7,100 people who were charged illegal advance fees by Timemark, Inc. to renegotiate, settle, reduce, or alter the terms of their federal student loans will receive a check in the...

Posted: July 07, 2023

Announcement

NCUA releases annual cybersecurity and credit union resilience report

The National Credit Union Administration released its Report to the Committe on Financial Services of the House of Representatives and to the Committee on Banking, Housing, and Urban Affairs of the Se...

Posted: July 07, 2023

Announcement

HB520 (relative to escrow accounts maintained by licensed nondepository mortgage bankers, brokers and servicers) now in effect. HB522 (relative to money transmitters) goes into effect on July 18

New Hampshire Governor Chris Sununu has signed both House Bill 520 (relative to escrow accounts maintained by licensed nondepository mortgage bankers, brokers and servicers) and House Bill 522 (relati...

Posted: June 21, 2023