Insurance

CFPB Finalizes Unavailing ‘No-Action’ Letter Policy

The Consumer Financial Protection Bureau today finalized a policy under which companies may request “no-action” letters indicating that bureau staff have “no present intention” to initiate enforcement or supervisory actions based on a particular product or aspect of a product.

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ABA Seeks Additional Flood Insurance Guidance

ABA and members of its Flood Working Group last week submitted a list of questions and proposed answers to the Federal Reserve, OCC, and FDIC seeking clarity on a number of flood insurance related issues. The Q&A was submitted after regulators, in response to ABA’s request for additional guidance, indicated that they would consider questions from the group. The document ...

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