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CFPB issues policy to clarify abusiveness standard

Jan 27, 2020 - SNL Financial

The Consumer Financial Protection Bureau on Jan. 24 issued a policy statement providing a framework for how it plans to apply the abusiveness standard in supervision and enforcement matters.

The Consumer Financial Protection Bureau issued a policy statement on Jan. 24 providing a framework for how it plans to apply the abusiveness standard in supervision and enforcement matters.

Pursuant to the policy statement, the bureau will focus on citing or challenging conduct as abusive in sup...