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DEE HER The National Association of Dealer Counsel Newsletter MAY 2015 CFPB Comes Out Swinging Against Arbitration in Releasing Its Required Study By Randy Henrik Dealer track Technologies, Inc. November
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CFPB comes out swinging refers to the Consumer Financial Protection Bureau's aggressive enforcement actions against financial institutions.
Financial institutions and companies in the financial industry are required to comply with CFPB regulations and may be subject to enforcement actions.
To comply with CFPB regulations, financial institutions must ensure that they are following consumer protection laws and regulations, and take necessary actions to address any non-compliance issues.
The purpose of CFPB's aggressive enforcement actions is to protect consumers from unfair, deceptive, or abusive practices in the financial industry.
CFPB reporting may include information on enforcement actions, penalties, investigations, and compliance efforts of financial institutions.
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