CFPB Revises Compliance Bulletin on Service Providers: Banks to Self-Police and Minimize Customer Harm
http://www.acainternational.org/cfpbarticle-cfpb-revises-compliance-bulletin-on-service-providers-40720.aspx The CFPB reissued its Compliance Bulletin on Service Providers, clarifying that supervised entities have flexibility allowing for appropriate risk management. In a Federal Register Notice published on Oct. 26, 2016, the Consumer Financial Protection Bureau reissued its compliance bulletin on service providers, stating the amendment was needed to clarify that supervised entities have flexibility, …