Consumer Financial Protection Bureau building in Washington, D.C. Photo by Diego M. Radzinschi
The CFPB wants to make it easier for financial services companies, including credit unions to obtain a "No-Action Letter"—a document that makes it clear that the agency will not take an enforcement or supervisory action against a company for specific products.
In the proposal the CFPB said that the bureau has only issued one no-action letter based on its original 2016 policy.
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