This story appeared in Bank Digest.
The Consumer Financial Protection Bureau has issued its latest edition of “Supervisory Highlights,” which includes examination findings in the areas of automobile loan origination, credit card account management, debt collection, furnishing, and mortgage origination that were generally completed between December 2018 and March 2019 (unless otherwise stated). The CFPB said the information in the report is disseminated to help institutions better understand how the Bureau examines institutions for compliance with the requirements of relevant laws and regulations.
In addition, the report does not impose any new or different legal requirements, and all violations described in the report are based only on the particular facts and circumstances reviewed by the Bureau as part of its examinations.