I can reproduce this as well. Creating a Favorite from the Effects panel preset for these effects causes this behavior, but recording the application of the effect as a Favorite works as expected. I've sent this over to an engineer to investigate.
When i assign a shortcut to a favorite I get an error message when I attempt to apply that shortcut to file. the shortcutis the compressor (adobes- not a plug in). AND it works fine when I apply it by using the effects menu. Its only when I use the favorites shortcut that I created that I have a problem. The "Billy Compression" could not be applied beacuse effects used in this Favorite is diabled. Make sure to enable VST effects by going to Effects > Audio Plug In manager (which I go to but there's ntohing listed).