Tips to avoid CFPB scrutiny for abusive practices

04/29/2013 | AmericanBanker.com (subscription required)

What the Consumer Financial Protection Bureau deems as unfair, deceptive or abusive acts and practices by financial institutions might be unclear to such companies, but there are still actions to avoid to steer clear of problems, experts say. For example, banks should avoid products with an extremely high profit margin or those that don't truly suit a customer's needs, experts say.

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