CFPB Better At Rulemaking Than Guidance, Group Says

Law360, New York (September 24, 2013, 3:01 PM EDT) -- The Consumer Financial Protection Bureau should rely less on guidance and internal debate and seek more interaction with industry and consumer advocates when it's shaping the market for mortgages, credit cards and other financial products, according to a policy group's Tuesday report.

During its two years of operation, the fledgling consumer finance watchdog has had much more success in crafting rules for mortgages, remittances and other parts of the consumer financial products market than it has with its other work, and the success is due to...
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