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Home » Store » News » Financial Institutions Urged to Use BCFP’s Transition Period to Analyze Impact of Preemption Changes

Financial Institutions Urged to Use BCFP’s Transition Period to Analyze Impact of Preemption Changes

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The Dodd-Frank Wall Street Reform and Consumer Protection Act makes significant changes to preemption standards that won’t become clear until most of the consumer protection powers of existing federal agencies are consolidated in the new Bureau of Consumer Financial Protection in six to 18 months. Until then, legal experts are urging national banks and federal thrifts, including their operating...
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