CFPB Issues Special Edition of Supervisory Highlights for COVID-19 Prioritized Assessments

June 21, 2021 - 6 min read

The Consumer Financial Protection Bureau (CFPB) published a Special Edition of Supervisory Highlights to share its observations in its prioritized assessment supervisory work conducted last year after the sudden onset of the COVID-19 pandemic. These assessments focused on assessing risks to consumers resulting from the pandemic. In May of 2020, the CPFB rescheduled about half of…

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Federal Reserve Issues CARES Act Examination Procedures

December 11, 2020 - 2 min read

On July 7, 2020 (CA 20-11), the Board of Governors of the Federal Reserve (Board) recently developed examination procedures for the credit reporting and mortgage servicing provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act was signed into law on March 27, 2020, to provide relief to those who…

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COVID-19 Regulatory FAQs

May 29, 2020 - 1 min read

Since the declaration of COVID-19 as a major disaster, the federal regulatory agencies have issued multiple frequently asked questions (FAQs) across various issuances. The FDIC has compiled these FAQs, in addition to specific guidance for FDIC- regulated institutions, into one document as of May 4, 2020. The FAQs were initially released on March 19, to address…

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