CFPB opens effort to give lenders more clarity on regs

Via CFPB/ Flickr

The Consumer Financial Protection Bureau is trying to uncomplicate the complicated.   The federal regulator today launched a pilot program that allows lenders, including some automotive lenders, a more formalized process to submit requests for clarification on regulations. The CFPB, in turn, says it will try -- in some, not all, cases -- to clear up the confusion. The bureau’s supervisory authority extends to banks, credit unions and other financial institutions with […]

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