Consumer Financial Protection Bureau Issues No-Action Letter to Facilitate Housing Counseling Services for Prospective Home Buyers

January 10, 2020

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The CFPB has granted a no-action letter (NAL) to Bank of America, N.A. to facilitate housing counseling services for prospective home buyers, providing increased regulatory certainty through a statement that the Bureau will not bring a supervisory or enforcement action against a company for providing a product or service under certain facts and circumstances

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