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Tag: Point solutions

Want to Avoid Getting Caught in the Regulators’ Enforcement Crosshairs? Ditch Point Solutions 

The Consumer Financial Protection Bureau (CFPB) has the ability to punish violations of a broad legal standard called “abusiveness.”

Key takeaways: The federal watchdog for financial products has put the market on notice. It will aggressively use an increasingly central weapon in its arsenal: The ability to punish practices that are “abusive.” Further, states can also bring enforcement actions using the abusive practices authority. The abusiveness legal standard is very broad. It adds risk […]

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