CFPB Exposes Illegal Practices in Consumer Financial Services: Insights from Supervisory Highlights
The Consumer Financial Protection Bureau (CFPB) has released its latest Supervisory Highlights report, revealing a range of concerning and illegal practices in the consumer financial services industry. The report, covering the period from July 2022 to March 2023, exposes unfair, deceptive, and abusive practices across various financial products, raising the need for enhanced regulatory compliance.