CFPB Issues Policy Statement on Abusive Conduct by Lenders
inVIVO realty2023-05-17T19:41:27-07:00CFPB Issues Policy Statement on Abusive Conduct by Lenders Key Points Keeping mortgage lending practices in check to ward off abusive conduct. Reminding lenders of the CFPB's 13-year-old rule against "abusive" conduct by lenders against consumers. Earlier this week (April 3, 2023), the Consumer Financial Protection Bureau (CFPB) issued a policy statement serving as a reminder to lenders of the Bureau's 13-year-old rule against "abusive" conduct. The statement not only explained the legal prohibition relating to abusive conduct in consumer financial markets, it also summarized over a decade of precedent. The purpose of the CFPB is to [...]