The CFPB’s Latest Supervision Report Highlights Compliance Deficits in the Collection Industry

On Tuesday the Consumer Financial Protection Bureau (CFPB) released its eighth, and latest, supervision report  outlining the illegal practices uncovered by the Bureau’s examiners in the first four months of 2015.

The report covers supervisory activities for all industries and businesses subject to CFPB review, including, among others, credit bureau reporting, mortgage servicing, debt collection, and student loan servicing.

Among the findings highlighted in the report:

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