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CFPB headquarters in Washington, D.C. CFPB headquarters in Washington, D.C. (Source: Shutterstock)

The CFPB on Thursday rescinded restrictions on when the agency may take enforcement and supervisory actions as a result of abusive acts or practices — eliminating restrictions that had been ordered by the Trump Administration.

“The Bureau has determined that it should exercise the full scope of its supervisory and enforcement authority to identify and remediate abusive acts or practices,” the CFPB said in announcing the action.

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David Baumann

Credit Union Times

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