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MoFo Reenforcement The Enforcement Blog

CFPB Encourages Financial Institutions to Provide Consumers with Greater Control over Payment Methods

Posted in CFPB, Credit Cards, Electronic Payments

On November 20, 2017, the CFPB released a November 17, 2017 letter that Director Richard Cordray sent to “the CEO’s of several banks, credit unions, and financial companies” asking that they consider “enabl[ing] consumers to exert greater control over their credit cards, debit cards, and other payment methods.”

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