Winter 2015 Supervisory Haiku-lights

Spring has sprung, technically speaking, but Old Man Winter is dragging his feet on the way out here on the East Coast. Maybe he was hanging around waiting for the Winter 2015 edition of Supervisory Highlights, which came out right before the turn of the seasons. Spring is, of course, prime time for haikus, so we are gearing up for Sakura Matsuri by delivering some key takeaways from the CFPB's supervisory observations in our favorite poetic form.

tweeting about loans
in 140 characters?
fuggetaboutit!!

Most of the CFPB's Title XIV mortgage origination rules took effect in January 2014, and supervision of compliance with the rules began four months later. This issue of Supervisory Highlights covers a number of examination findings and observations on compliance with the rules in the latter half of 2014. The observations run the gamut, from providing untimely Good Faith Estimates, to failing to offer compliance training to an institution's board members.