CFPB Rescinds “Abusive” Policy Statement, Signaling Broader And More Aggressive View of “Abusive” Authority
Collection Industry News
MARCH 15, 2021
In a significant but unsurprising move, the CFPB announced today that it was rescinding a policy statement issued in January 2020 that sought to tether the Bureau’s “abusive” authority to certain limiting principles. Chopra’s nomination was sent to the Senate this week after the Senate Banking Committee vote resulted in a 12-12 tie.
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