United States:
FRB Introduces New Bulletin On Consumer Compliance Supervision
07 August 2018
Cadwalader, Wickersham & Taft LLP
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The Federal Reserve Board ("FRB") Division of Consumer
and Community Affairs introduced a new publication that is intended
to provide industry members with guidance on relevant supervisory
issues related to consumer protection.
The first issue of the Consumer Compliance Supervision
Bulletin highlighted issues in the following areas:
- redlining;
- overdrafts;
- loan officer misrepresentations;
and
- deceptive acts targeting college
students.
The bulletin is intended to complement other FRB consumer
protection initiatives.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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