FREE PREVIEW
|
LOGIN OR SUBSCRIBE NOW TO READ THIS ARTICLE
|
Keep aware of the CFPB- Part 1
|
Industry News, Regulatory Updates
Monday, July 14, 2014
|
|
There are many reasons you should keep aware of the Consumer Financial Protection Bureau (CFPB) and its actions. One particular reason is because the bureau is concerned about you — or at least your interactions with consumers. If what you are doing is violating a federal consumer financial law, the CFPB is going to take interest and likely take action. With the amount of power this agency has, that should concern anyone who is working under the CFPB’s purview. Even if you think the bureau can’t touch you, there’s a chance it can.
When the bureau opened its doors in July 2011, it took over the regulatory authority for consumer financial laws. You may be wondering why you or your company would be subject to CFPB enforcement if you see yourself as falling into one of the agency’s covered persons categories. The issue is, however, that if anything you do falls within the purview of one or more of those 19 laws, then the bureau’s authority can reach you.
TO READ THE FULL STORY
|
|
Already a subscriber?
Problems logging in?
Please call 330-659-6101 x 805 or email us for assistance.
|
|
Today's other top stories