Supervisory Highlights Illustrate Key
Compliance Concerns
In September of 2019 the Consumer Financial Protection Bureau (CFPB) released its Supervisory Highlights, Issue 19. Aimed
at highlighting key compliance findings from CFPB examinations, the Supervisory Highlights is an excellent resource to not only
learn about the most common compliance mistakes, but also the compliance areas examiners are focusing on. Even though
your institution may not be examined by the CFPB, prudential regulators often follow its lead — putting your next exam at risk
for a deeper dive into the same troublesome compliance areas. To help your institution avoid making these violations, outlined
in this article are a few of the compliance violations detected by the CFPB in the recent issue of the Supervisory Highlights.
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