2013-07-03cfpbjournal.com

``On June 25, the Consumer Financial Protection Bureau released a bulletin informing banks of ways they can favorably affect the ultimate resolution of an enforcement action from the bureau.

"The Bureau considers many factors in the exercise of its enforcement discretion," the CFPB said in the bulletin. "This guidance is being provided to inform those subject to the Bureau's enforcement authority that in addition to these and other factors, there are activities they can engage in both before and after the conduct in question has occurred that the Bureau may favorably consider in exercising its enforcement discretion."''



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