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April

8
2024
Trends

Supervisory Highlights, Issue 32 (Spring 2024)

This is the 32nd edition of Supervisory Highlights. The findings in this report cover select examinations in connection with credit reporting and furnishing that were completed from April 1, 2023, through December 31, 2023.

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April

8
2024
Trends

CFPB FY 2023 Office of Minority and Women Inclusion (OMWI) Report to Congress

The FY 2023 OMWI annual report to Congress provides detailed information about the diversity, equity, inclusion, and accessibility (DEIA) work of the Consumer Financial Protection Bureau from Oct. 1, 2022 through Sept. 30, 2023.

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April

8
2024
Industry News

CFPB Finds Violations of Credit Report Accuracy Requirements, Including for Survivors of Human Trafficking

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today published an edition of Supervisory Highlights to share key findings from recent examinations about continuing accuracy problems in the credit reporting system. The CFPB found consumer reporting companies failed to ensure the accuracy of credit reports, including by failing to exclude information resulting from alleged identity theft or human trafficking.

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April

8
2024
Industry News

FTC Announces Winners of Voice Cloning Challenge

The Federal Trade Commission has chosen four winning submissions for its Voice Cloning Challenge to promote the development of ideas to protect consumers from the misuse of artificial intelligence-enabled voice cloning for fraud and other harms.

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April

5
2024
Trends

CFPB Finds Americans are Paying Upfront Fees Seeking to Lower Interest Rates on Mortgages

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) issued a new report today finding that more borrowers paid “discount points” upfront as overall interest rates rose.

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