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Rescission Financial Services Industry Financial Abuse

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CFPB Rescinds Short-Lived Guidance on Dodd-Frank’s Abusiveness Standard

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On March 11, 2021, the Consumer Financial Protection Bureau (CFPB) announced that it is rescinding its January 2020 policy statement (the 2020 Policy) providing guidance into its enforcement of the “abusiveness” standard...more

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