Consumer Financial Protection Bureau Rescinds Abusiveness Policy Statement to Better Protect Consumers

March 11, 2021

The CFPB is rescinding its January 24, 2020 policy statement, “Statement of Policy Regarding Prohibition on Abusive Acts or Practices” and going forward, the CFPB intends to exercise its supervisory and enforcement authority consistent with the full scope of its statutory authority under the Dodd-Frank Act as established by Congress.

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