Statement of Policy Regarding Prohibition on Abusive Acts or Practices
The Consumer Financial Protection Bureau (CFPB or Bureau) has issued a policy statement providing a framework on how it intends to apply the abusiveness standard in supervision and enforcement matters. Through the policy statement, the Bureau is providing clarification on how it intends to apply the abusiveness standard in order to promote compliance and certainty as well as to foster the development of abusiveness law over time.
Statement
Related information
CFPB Announces Policy Regarding Prohibition on Abusive Acts or Practices