MBA Joint Comment Letter on CFPB’s Statement of Policy Regarding Prohibition on Abusive Acts or Practices
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The Bank Policy Institute, American Financial Services Association, Consumer Bankers Association, Credit Union National Association, Mortgage Bankers Association, and the U.S. Chamber of Commerce are providing these comments in response to the Consumer Financial Protection Bureau’s Statement of Policy Regarding the Prohibition on Abusive Acts or Practices (Docket No. CFPB–2023–0018). The Bureau asserts that the Statement became effective on April 12, 2023, but that the Bureau is nevertheless soliciting comments on it.
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