CFPB Rescinds Supervision And Enforcement Policy On Prohibited Abusive Acts - Finance and Banking
To print this article, all you need is to be registered or login on Mondaq.com. The CFPB ("Bureau") rescinded its "January 2020 Statement of Policy Regarding Prohibition on Abusive Acts or Practices" in supervision and enforcement. The policy provided "a framework for the Bureau's exercise of its supervisory and enforcement authority to address abusive acts or practices." (See related coverage.) The Bureau determined that the policy fails to provide clarity to regulated entities and is "counterproductive." The Bureau gave the following reasons, among others, for res...
Source: mondaq.com