CFPB issues policy on ‘abusive’ practices

The Consumer Financial Protection Bureau is attempting to clarify its definition of “abusiveness” standards relating to its supervision and enforcement under the Unfair, Deceptive, or Abusive Acts or Practices Act, which regulates financial services companies under the Dodd-Frank Act. “One of the criticisms the bureau has faced over the last 10 years is that they’ve had a […]

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