Attys Question Objectivity Of New CFPB Appeals Process

Law360, New York (November 1, 2012, 7:24 PM EDT) -- The Consumer Financial Protection Bureau on Wednesday unveiled a new appeals process that it says will provide a fair review for banks and other companies unhappy with the results of supervisory exams, but industry attorneys still worry about how objective the process will be.

The new appeals process comes as the CFPB ramps up its supervision and examination of banks with $10 billion or more in assets, mortgage companies, payday lenders, private student loan companies, debt collectors and other nonbank financial companies that come under its...
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