The Consumer Financial Protection Bureau (CFPB) is seeking comments from institutions on a proposed policy to change its process for trial disclosures.
The new policy would streamline the application period, set a 60-day deadline to grant or deny an application, specify that a two-year testing period would be the norm and clarify that the CFPB’s trial disclosure program will coordinate with state regulatory “sandboxes.”
Read on for details about the bureau’s latest mission.
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