Removing Barriers Blog

BCFP Releases Supervisory Highlights
Posted September 06, 2018 by CUNA Advocacy

The Bureau released its 17th edition of Supervisory Highlights today. The report profiles observations made during the BCFP's supervision activities between December 2017 and May 2018, roughly the first six months of Mick Mulvaney's tenure as Director. 

The report is intended to assist financial institutions in their understanding of the Bureau's approach to evaluating regulatory compliance for federal consumer financial protection laws. However, the report is not legally binding and does not impose any new legal requirements. 

In this edition, the Bureau highlights auto loan servicing, credit card account management, debt collection, payday lending, and small business lending. This is the first time small business lending has been included in the Supervisory Highlights.