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Entrance to the CFPB headquarters. Entrance to the CFPB headquarters. (Source: Shutterstock)

The CFPB on Wednesday rescinded a series of policy statements that provided some regulatory leeway for financial institutions as a result of the coronavirus crisis.

The agency said it expects institutions to again begin following the letter of the CFPB’s rules, adding that they will not avoid sanctions merely for making a good faith effort in light of the pandemic.

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David Baumann

Credit Union Times

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