Je veux savoir à propos de…

36108

Federal Register / Vol. 86, No. 128 / Thursday, July 8, 2021 / Notices
Arctocephalus townsendi, and Northern fur seals Callorhinus ursinus, among others.
Research methods include training for voluntary participation to the maximum extent feasible to 1 assess body condition and morphometrics, 2
measure metabolic rate, 3 sample blood, 4 attach instruments e.g., ECG/
accelerometer, 5 monitor tissue blood flow via a portable near-infrared spectroscopy, heat flux tags, and ultrasound, 6 measure heat flow, and skin or body temperature see application for details by method. In addition, receipt, import, and export activities are requested for marine mammal parts from up to 140
individuals per taxon group pinniped and cetacean world-wide. The permit is requested for the maximum duration of 5 years.
In compliance with the National Environmental Policy Act of 1969 42
U.S.C. 4321 et seq., an initial determination has been made that the activity proposed is categorically excluded from the requirement to prepare an environmental assessment or environmental impact statement.
Concurrent with the publication of this notice in the Federal Register, NMFS is forwarding copies of the application to the Marine Mammal Commission and its Committee of Scientific Advisors.
Dated: July 2, 2021.
Julia Marie Harrison, Chief, Permits and Conservation Division, Office of Protected Resources, National Marine Fisheries Service.
FR Doc. 202114548 Filed 7721; 8:45 am BILLING CODE 351022P

BUREAU OF CONSUMER FINANCIAL
PROTECTION
Supervisory Highlights, Issue 24, Summer 2021
Bureau of Consumer Financial Protection.
ACTION: Supervisory highlights.
AGENCY:

The Bureau of Consumer Financial Protection CFPB or Bureau is issuing its twenty fourth edition of Supervisory Highlights.
DATES: The Bureau released this edition of the Supervisory Highlights on its website on June 29, 2021. The findings included in this report cover examinations in the areas of auto servicing, consumer reporting, debt collection, deposits, fair lending, mortgage origination, mortgage servicing, private education loan
lotter on DSK11XQN23PROD with NOTICES1

SUMMARY:

VerDate Sep<11>2014

16:47 Jul 07, 2021

Jkt 253001

origination, payday lending, and student loan servicing that were completed from January 1, 2020 to December 31, 2020.
FOR FURTHER INFORMATION CONTACT:

Jaclyn Sellers, Counsel, at 202 435
7449. If you require this document in an alternative electronic format, please contact CFPB_Accessibility@cfpb.gov.
SUPPLEMENTARY INFORMATION:
1. Introduction The consumer financial marketplace saw significant impacts from the COVID19 pandemic beginning around March 2020. The Bureau of Consumer Financial Protection CFPB or Bureau adapted its work by, among other things, focusing approximately half of its supervisory activities on prioritized assessments PAs starting in May 2020.
PAs were designed to obtain real-time information from a broad group of supervised entities that operate in markets posing elevated risk of consumer harm due to pandemic-related issues. The Bureau analyzed pandemicrelated market developments to determine which markets were most likely to pose risk to consumers.
Observations from the Bureaus PA
work were detailed in a special edition of Supervisory Highlights, Issue 23.1
This issue of Supervisory Highlights covers findings from the other supervisory work the Bureau has engaged in since its last regular edition, Issue 22.2 The findings included in this report cover examinations in the areas of auto servicing, consumer reporting, debt collection, deposits, fair lending, mortgage origination, mortgage servicing, private education loan origination, payday lending, and student loan servicing that were completed from January 1, 2020 to December 31, 2020. To maintain the anonymity of the supervised institutions discussed in this edition of Supervisory Highlights, references to institutions generally are in the plural and the related findings pertain to one or more institutions unless otherwise noted.
The information contained in Supervisory Highlights is disseminated to help institutions and the general public better understand how the Bureau examines institutions for compliance with Federal consumer financial law. Supervisory Highlights summarizes existing requirements under the law and summarizes findings 1 A copy of Issue 23, Jan. 2021, is available at https files.consumerfinance.gov/f/documents/
cfpb_supervisory-highlights_issue-23_2021-01.pdf.
2 A copy of Issue 22, Sept. 2020, is available at https files.consumerfinance.gov/f/documents/
cfpb_supervisory-highlights_issue-22_2020-09.pdf.

PO 00000

Frm 00034

Fmt 4703

Sfmt 4703

made in the course of exercising the Bureaus supervisory and enforcement authority.3
2. Supervisory Observations 2.1

Auto Servicing
The Bureau continues to examine auto loan servicing activities, primarily to assess whether entities have engaged in any unfair, deceptive or abusive acts or practices prohibited by the Consumer Financial Protection Act CFPA.
Examiners identified two unfair acts or practices related to lender-placed collateral protection insurance.
Examiners also found unfair or deceptive acts or practices related to payment application. And examiners identified an unfair act or practice related to payoff amounts where consumers had ancillary product rebates due.
2.1.1

Collateral Protection Insurance
Auto finance contracts generally require consumers to maintain comprehensive and collision insurance that covers physical damage to the vehicle in order to protect the value of the collateral. If the consumer fails to maintain appropriate coverage, some contracts provide that servicers can purchase insurance for the vehicle, often called collateral protection insurance CPI. CPI policies only cover damage to the vehicle. Charges for CPI
policies are added to consumers accounts and paid on a monthly basis.
Servicers generally use electronic databases to monitor whether consumers are maintaining adequate insurance coverage. If the database suggests that a consumer is not maintaining adequate coverage, the servicer will send a notice requesting proof of insurance and stating that if the borrower does not provide proof of insurance, then a CPI policy will be purchased at the consumers expense.
When the CPI policy is purchased, the servicer sends the consumer another notice with information about the policy. If the consumer later proves that they had adequate insurance during any portion of the CPI policy period, the servicer will generally remove any CPI
charges for that period. Examiners identified unfair and deceptive acts or practices related to placement and removal of CPI policies and charges.
3 If a supervisory matter is referred to the Office of Enforcement, Enforcement may cite additional violations based on these facts or uncover additional information that could impact the conclusion as to what violations may exist.

E:FRFM08JYN1.SGM

08JYN1