Tag: CFPB compliance

  • Implementing the CFPB-required Compliance Management System (Part 2)

    CFPB compliance examinations have only just started and the agency has already identified deficiencies in some institutions: “The CFPB has found one or more situations in which an effective CMS was lacking across the financial institution’s entire consumer financial portfolio, or in which the financial institution failed to adopt and follow comprehensive internal policies and…