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Tuesday, September 11, 2018

The Customer Banking Protection Bureau’s newly-released Summer 2018 copy of Authoritative Highlights represents the CFPB’s aboriginal Authoritative Highlights address accoutrement authoritative activities conducted beneath Acting Director Mick Mulvaney’s leadership.  The Bureau’s best contempo above-mentioned Authoritative Highlights address was it Summer 2017 edition, which was issued in September 2017.

Noticeably absent from the new report’s accession and the Bureau’s columnist absolution about the address are statements touting the bulk of amends payments that resulted from authoritative resolutions or the amounts of customer remediation or civilian money penalties constant from accessible administration accomplishments affiliated to contempo authoritative activities.  (The address does, however, accommodate summaries of the acceding of two accord orders entered into by the Bureau, including its adjustment with Triton Administration Group, Inc., a small-dollar lender, apropos the Bureau’s allegations that Triton had abandoned the Truth in Lending Act and the CFPA’s UDAAP prohibition by underdisclosing the accounts allegation on auto appellation pledges entered into with consumers.)

The address confirms that the Bureau’s authoritative activities acquire connected afterwards cogent change beneath its new leadership.  It includes the afterward information:

The address indicates that in examinations of auto accommodation appliance activities, Bureau examiners focus primarily on whether servicers acquire affianced in unfair, deceptive, or calumniating acts or practices banned by

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