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After a CFPB Exam: Act and Act Fast

George Yacik

canstockphoto39365793Let’s say your company just finished an examination by the Consumer Financial Protection Bureau and has emerged without any legal violations or public consent enforcement orders. Congratulations!

But don’t start celebrating just yet — the CFPB did find that some of your company’s internal operations were a little bit lax and need some fixing. The consequences of not doing so — and promptly — can be devastating, according to Braden Perry, an attorney at Kennyhertz Perry LLC, in Kansas City.

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