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SPECIAL ALERT: CFPB PROPOSES SIGNIFICANT EXPANSION OF HMD REPORTING REQUIREMENTS JULY 30, 2014, On July 24, the Consumer Financial Protection Bureau (the CFPB or Bureau) issued a proposed rule that would
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Individuals who have been affected by a financial issue or hardship and require assistance or intervention from the Consumer Financial Protection Bureau (CFPB).
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Consumers who believe they have been the victims of unfair or deceptive financial practices and wish to bring it to the attention of the CFPB for further investigation and resolution.
03
Anyone who requires guidance or information on consumer financial rights and regulations and seeks to obtain advice or support from the CFPB through the special alert CFPB proposes process.
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The special alert CFPB proposes is a notification to inform consumers about specific risks or issues related to financial products or services.
Financial institutions and companies offering financial products or services are required to file special alert CFPB proposes.
Special alert CFPB proposes can be filled out online through the Consumer Financial Protection Bureau's website by providing relevant information about the alert.
The purpose of special alert CFPB proposes is to protect consumers by providing them with timely information about risks related to financial products or services.
Information such as the nature of the risk, affected products or services, and recommended actions for consumers must be reported on special alert CFPB proposes.
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