Tag Archives: exam fairness

ABA Urges CFPB to Use Guidance Appropriately, Effectively

In the latest in its series of comment letters to the Consumer Financial Protection Bureau responding to the bureau’s 12 requests for information, ABA emphasized the important role of clear and agency-binding guidance in facilitating compliance with regulations and added that guidance should not be used as a basis for enforcement actions.

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ABA: CFPB Should Rely More on Supervisory Process, Not Enforcement Actions

In a comment letter to the Consumer Financial Protection Bureau today -- the third of 12 the association will submit as part of the bureau’s ongoing feedback initiative -- ABA called on the bureau to seek resolution of regulatory violations and compliance management weakness through the supervisory process rather than rushing to enforcement actions.

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