The Consumer Financial Protection Bureau (CFPB) has issued a policy statement providing a common-sense framework on how it intends to apply the “abusiveness” standard in supervision and enforcement matters.
Through this policy statement, the bureau is providing clarification on how it intends to apply abusiveness in order to promote compliance and certainty.
Read on for reaction from CFPB Director Kathy Kraninger and House Financial Services Committee Chairwoman Maxine Waters.
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