United States: New CFPB Circular: Reopening Closed Accounts May Violate CFPA  - Sheppard Mullin Richter & Hampton

United States: New CFPB Circular: Reopening Closed Accounts May Violate CFPA - Sheppard Mullin Richter & Hampton

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On May 10, the CFPB announced the release Circular 2023-02 to confirm that reopening closed accounts may violate federal law. Based on its review of consumer complaints...

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