Obrea O. Poindexter and Jeremy R. Mandell
Banking + Financial Services, Financial Institutions + Financial Services, and Financial Services
On June 8, 2017, the Consumer Financial Protection Bureau held a Consumer Advisory Board meeting, at which CFPB Director Richard Cordray discussed deferred-interest products. The CFPB also included in a press release a sample letter that Director Cordray sent to “top retail credit card companies” expressing concern about their use of deferred-interest programs and encouraging them to consider using more transparent promotions.
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