On March 12, 2019, the CFPB released the 18th edition of its Supervisory Highlights report. The report covers supervision activities completed between June 2018 and November 2018 and discusses supervisory observations related to automobile loan servicing, mortgage servicing, remittances, and deposits. The report also summarizes the CFPB’s previously announced public enforcement actions and guidance during the covered period.

The 18th edition of Supervisory Highlights is the first report issued under Director Kathy Kraninger’s leadership and the second report to cover supervision activities completed under the direction of former Acting Director Mick Mulvaney. Like the prior Supervisory Highlights report issued under former Acting Director Mick Mulvaney, the report includes introductory language that “institutions are subject only to the requirements of relevant laws and regulations” and “[a] conclusion that a legal violation exists on the facts and circumstances described here may not lead to such a finding under different circumstances.” Also like the prior report, it does not specify the dollar amounts of civil money penalties and consumer remediation obtained during the covered period.

The Bureau’s supervisory observations related to automobile loan servicing, mortgage servicing, remittances, and deposits—all frequent areas of focus in Supervisory Highlights reports—are discussed below.…

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