CFPB’s 2020: Drawing A Bead On Abusive Practices — And States’ Activities
PYMNTS
JANUARY 27, 2020
Now, under the current leadership of Kathy Kraninger, the more explicit definitions that seek to address what some critics had said were “vague” may curb the scope of what is considered abusive practices. As reported, the CFPB is run by a single director, who can only be removed “for cause” by the president of the United States.
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