Last week, the Consumer Financial Protection Bureau (“CFPB”) issues its 21st edition of Supervisory Highlights in which they summarize examination findings in the areas of debt collection, mortgage servicing, payday lending, and student loan servicing for the period of April 2019 to August 2019. Included in this edition are summaries on five recent rulings and guidance issued by the CFPB which encompass: (1) The use of alternative data in credit underwriting; (2) Screening and training requirements for mortgage loan originators; (3) Regulation Z thresholds and Regulation M Exemptions; (4) Small loan exemptions for higher-priced mortgage loan appraisals; and (5) The final HMDA rule.

Supervisory Highlights Link