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CFPB unveils new repeat offender unit
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Consumer Protection, Dodd-Frank Basics, Government Oversight
Tuesday, January 10, 2023
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The Consumer Financial Protection Bureau created what it is calling a “repeat offender unit” that is tasked with the review and monitoring of activities by large banks that are accused of often violating consumer financial protection laws.
The new unit will recommend and pursue remedies to hold companies accountable for failing to comply with federal laws and agency or court orders.
Read on for more details.
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