CFPB Supervisory Examinations Find Credit Reporting Failures, Junk Fees, and Mishandling of COVID-19 Protections

November 21, 2022

The CFPB released a new Supervisory Highlights report on legal violations identified during the CFPB’s supervisory examinations in the first half of 2022 detailing key findings, Fair Credit Reporting Act (FCRA) violations, charging of impermissible fees when homeowners went to make their mortgage payments as well as policies and procedures that may have resulted in loss of pandemic relief benefits due to garnishments or setoff practices.

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