Promoting innovation has been one of the Consumer Financial Protection Bureau’s (CFPB) primary goals in recent years. The agency recently announced three new policies intended to move the needle in that regard and facilitate compliance by clearing up regulatory uncertainty pertinent to new products.
The bureau proposed the new policies in 2018, accepting comments from a variety of stakeholders. They consist of: a new No-Action Letter (NAL) policy, the Trial Disclosure Program (TDP) policy and the Compliance Assistance Sandbox (CAS) policy.
Learn more about the policies and their intended impacts on the marketplace.