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.”](https://www.gobrightside.com/wp-content/uploads/2023/06/cfpb-crosshairs-hero-image-1024x683.jpg)
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 […]