United States: CFPB Issues No-Action Letter On Bank's Small-Dollar Loan Program - Cadwalader, Wickersham & Taft LLP

United States: CFPB Issues No-Action Letter On Bank's Small-Dollar Loan Program - Cadwalader, Wickersham & Taft LLP

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The CFPB issued a no-action letter to Bank of America stating that the agency would not take enforcement action against the bank in connection with a small-dollar lending program.

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