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Expert Analysis

Beware CFPB Scrutiny Of Promotional Credit Card Offers

Law360, New York (September 26, 2014, 8:09 AM EDT) -- From the time of its inception as the consumer watchdog of the federal government, the Consumer Financial Protection Bureau has identified what it considers to be deceptive practices in the credit card industry to be one of its most pressing concerns. Consistent with that stance, the CFPB recently put credit card companies that offer special promotional rates "on notice" that they can expect increased scrutiny from the three-year-old federal agency....

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