John Soumilas of Francis Mailman Soumilas. Courtesy photo
The Consumer Financial Protection Bureau (CFPB) periodically publishes its supervisory highlights reports to share key examination findings, communicate operational changes to its supervision program, and provide an accessible resource for information on its recent guidance documents. Though the reports do not refer to specific institutions in order to maintain confidentiality of its examinations of those institutions, the CFPB shares in the reports key findings from recent examinations to help the entities it regulates limit risk to consumers and comply with federal consumer protection laws.
The reports also give the public a sense of what industry practices have recently caught the attention of CFPB examiners. The CFPB’s most recent supervisory highlights report suggests that some familiar industry players can’t seem to stay on the straight and narrow.
