In This Issue:

- FEDERAL ISSUES

- STATE ISSUES

- COURTS

- MISCELLANY

- FIRM NEWS

- FIRM PUBLICATIONS

- MORTGAGES

- BANKING

- CONSUMER FINANCE

- CREDIT CARDS

- E-COMMERCE

- PRIVACY/DATA SECURITY

- Excerpt from Consumer Finance:

CFPB Reports Examination Findings, Updates Examination Manual, and Issues Supervisory Appeals Policy. On October 31, the CFPB released its first periodic Supervisory Highlights publication, along with an updated examination manual and a bulletin about the Bureau's supervisory appeals process. The Supervisory Highlights report describes the CFPB's supervisory activity from July 2011 through September 2012, and "signal[s] to all institutions the kinds of activities that should be carefully scrutinized for compliance." Following its first year of conducting examinations, the CFPB states that it has found compliance management system deficiencies and regulatory violations related to credit cards, credit reporting, and mortgage lending. The report also reviews public enforcement actions and nonpublic supervisory actions. Bulletin 2012-07 explains the CFPB supervisory appeals process and addresses confidentiality and the role of the Bureau's Ombudsman Office.

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