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ABA: The American Bankers Association
Compliance News

CFPB Seeks Clear Authority to Supervise for MLA Compliance

The Consumer Financial Protection Bureau called on Congress to grant the bureau clear authority to supervise for Military Lending Act compliance. In a letter to both House Majority Leader Nancy Pelosi (D-Calif.) and Vice President Mike Pence in his role as president of the Senate, CFPB Director Kathy Kraninger offered draft legislation that would grant the bureau this authority.