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VIEWpoint Issue 1 | 2023
2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
On March 31, 2021, the Consumer Financial Protection Bureau (CFPB) announced it is rescinding seven policy statements issued in 2020. All of the policy statements were issued because of the pandemic and provide regulatory flexibility to financial institutions. The seven rescissions, effective April 1, signal a return of the CFPB to exercising its full supervisory and enforcement authority.
Here are the policy statements being rescinded:
If you have any questions about how this may impact your financial institution, please contact Doeren Mayhew’s regulatory compliance specialists.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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