On Feb. 16, 2024, the Consumer Financial Protection Bureau (CFPB) updated its internal supervisory appeals process for institutions seeking to appeal a compliance rating or an adverse material finding. This is the first update to the process since 2015, when the CFPB reviewed its appeals process. Any entity subject to an examination under the CFPB’s supervisory authority may use the appeals process. Any entity may appeal final CFPB compliance ratings, any underlying adverse findings, or adverse findings conveyed in a supervisory letter.
CFPB Broadens Supervisory Appeals Process
