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Trade groups, AGs divided on CFPB’s abusive acts statement
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Banking, Consumer Protection, Industry Regulation
Tuesday, July 18, 2023
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A group of state attorneys general, as well as a coalition of financial services trade groups, are among those who submitted comments on the Consumer Financial Protection Bureau’s (CFPB) statement of policy regarding the prohibition of abusive acts or practices as spelled out in the Consumer Financial Protection Act of 2010.
The CFPB’s explanation of abusive conduct drew different responses from both groups.
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