CFPB Announces Early Warning Notice Process for Potential Enforcement Targets

This Stay Current discusses the CFPB's announcement in November of an Early Warning Notice process for potential subjects of enforcement action. The new process, which is modeled on similar procedures at other federal agencies, could provide potential enforcement targets notice of a possible action and an opportunity to state their case before such action is undertaken by the CFPB, but also presents potential regulatory risks for these entities.

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