Wednesday, July 6, 2022

Supervisory Highlights Report Flags Mortgage Servicing, Fair Lending Issue

The Consumer Financial Protection Bureau (CFPB) today released a “Supervisory Highlights” report concentrating on examiner observations of different financial products from January to June 2021.

Credit card account management, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittance transfers are among the areas where problems were discovered, according to the bureau.

To read the full report, click here.