The Consumer Financial Protection Bureau issued its final policy on advisory opinions, which are designed to provide guidance to entities on outstanding regulatory uncertainty.
December 01, 2020 / By ICBA
The Consumer Financial Protection Bureau issued its final policy on advisory opinions, which are designed to provide guidance to entities on outstanding regulatory uncertainty.
Under the policy, entities seeking to comply with regulatory requirements can submit a request to the CFPB where uncertainty exists. The bureau also issued two advisory opinions, on earned wage access products and certain education loan products.
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
