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Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents

CFPB Summary re: Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents

12 CFR Chapter X

Summary:

The Consumer Financial Protection Bureau (Bureau) issued this interpretive rule to explain the basis of its statutory authority to conduct examinations, at institutions its supervises, regarding the risks to active-duty servicemembers and their covered dependents that are presented by conduct that violates the Military Lending Act.

The interpretive rule became effective on June 23, 2021 and the rule can be accessed here.