The Consumer Financial Protection Bureau (CFPB) has announced three new ways to promote innovation and facilitate compliance, including a new no-action letter policy.
The CFPB issued its first no-action letter under the policy in response to RESPA concerns brought by the Department of Housing and Urban Development (HUD). The agency also announced a new trial disclosure program policy and compliance assistance sandbox policy.
Read on for reaction from CFPB Director Kathy Kraninger.
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