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CFPB explains usage of an early warning notice (access required)

By Todd Etshman
Posted: 6:12 pm Mon, November 14, 2011

“This letter confirms that I called you today in accordance with the Consumer Financial Protection Bureau’s discretionary Early Warning Notice process.” That’s the first line of the CFPB’s letter to attorneys representing banks, thrifts, credit unions, mortgage providers, credit card providers and other financial product firms announcing it has started an investigation. The fledgling agency announced last ...

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