Complying with the Consumer Financial Protection Bureau can be a challenge. They have a different mission and mindset than the traditional prudential regulators. How should an institution facing impending or present examination by the CFPB keep in mind? This discussion addresses some key points when it comes to the CFPB and their processes, so you can be best prepared.
- What is the CFPB? What authority does it have?
- How to handle the CFPB Exam process
- The 4 Ds: Deception, Discrimination, Dead Ends, Debt Traps
- CFPB Focus Areas
- Compliance Focus and Tips
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