The CFPB rescinded its "Statement of Policy Regarding Prohibition on Abusive Acts or Practices," effective March 19, 2021.
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The CFPB rescinded a "January 2020 Statement of Policy Regarding Prohibition on Abusive Acts or Practices" in supervision and enforcement.
CFPB Director Kathy Kraninger described agency initiatives focused on product experimentation, investigations and enforcement, and consumer education.