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The State Department has issued a notice regarding the delegation of authority in debt collection and waiver claims. The Secretary of State has granted the Principal Officer at a post the power to make decisions about certain financial claims, such as compromises or settlements, involving the Department of State, provided the claims are less than $500. This authority is non-transferable, meaning these powers cannot be delegated further beyond the Principal Officer. The delegation of authority has been published in the Federal Register as required.

The Bureau of Consumer Financial Protection shared its observations on how various financial services adjusted during the COVID-19 pandemic, as highlighted in this special edition of Supervisory Highlights. The report documents the Bureau's assessments in areas like mortgage, student loans, auto loans, credit cards, and more, noting challenges faced by these sectors and their responses to rapidly changing consumer needs. Many financial institutions struggled with increased consumer requests for assistance, inaccurate information dissemination, and operational adjustments, highlighting risks that could potentially harm consumers. The Bureau aimed to help these institutions recognize and address these risks to better protect consumers.