CFPB has explained to industry participants what to expect in examinationss, both in terms of exam process and covered laws & regs.
SUPERVISION AND EXAMINATION MANUAL – VERSION 2.0 First issued in 10/2011, revised & expanded since then, to cover laws & product lines (including mortgage origination & mortgage servicing per January 2014 new & revised CFPB regs).
CFPB exam guidelines are product-specific (mortgage origination, mortgage servicing) and regulation-specific (TILA, RESPA, ECOA, FDCPA, HOEPA, etc,. etc.).
Please see full publication below for more information.
