Trade Groups Say “No Thanks” to Notion that FDIC Should Consult CFPB Before Approving Bank Mergers
CFPB Monitor
JUNE 13, 2022
One issue raised in the RFI is “to what extent should the CFPB be consulted by the FDIC when considering the convenience and needs factor and should that consultation be formalized?”. The request for information (RFI) included questions related to the agency’s current bank merger review process, and how the process could be improved.
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