CRC Urges BCFP to Issue Guidance, Provide Clarity

Last week the Consumer Relations Consortium (CRC) urged the Bureau of Consumer Financial Protection (BCFP) to issue letters and opinions as guidance that could be relied on by companies trying to comply with gray areas in the law. 

“[Guidance protects] consumers’ rights, ensures lawful business operations, and addresses ambiguities leading to frivolous litigation, thereby reducing burdens on our courts.”

The group provided the following examples of guidance issued by other federal agencies:

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