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ARTICLE · 03 JULY 2015

Supervisory Haiku-Lights, Summer 2015

Morrison Foerster
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Break out the short shorts everybody: it's summer! We know you could use a palate cleanser between the 50 Shades novels and Game of Thrones wikis you're reading on the beach.

United StatesFinance and Banking
Jessica Kaufman
Jessica Kaufman
Joe Rodriguez
Joe Rodriguez
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Break out the short shorts everybody: it's summer! We know you could use a palate cleanser between the 50 Shades novels and Game of Thrones wikis you're reading on the beach. Supervisory Haiku-lights to the rescue! The Summer 2015 issue of Supervisory Highlights includes supervisory observations on consumer reporting, debt collection, student loan servicing, mortgage origination, mortgage servicing, and fair lending. We've provided some highlights of the highlights, in haiku, of course, below.

deleting trade lines

with no investigation

is anyone harmed?

Debt collection observations are a regular feature in Supervisory Highlights, and this issue was no exception. In addition to detailing weaknesses in debt collectors' compliance management systems, including failure to keep up on required training and to record certain consumer complaints, Supervision made a couple of observations related to the debt collectors' compliance with the Fair Credit Reporting

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