Thirty-three states attorney general have joined together to urge the Consumer Financial Protection Bureau (CFPB) not to discontinue reviewing lenders’ compliance with the Military Lending Act (MLA) as part of its examinations.
The attorneys generals recently wrote a joint letter to the CFPB in response to reports that the CFPB would no longer ensure compliance with the MLA as part of its regular, statutorily mandated supervisory examinations.
Read on for details of their letter and their appeal for bipartisan work.
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