
It Happened: CFPB Issues First No Action Letter
Remember back in February 2016, when the CFPB announced a new program in which it would entertain proposals for innovative financial products and decide in a non-binding sort of way whether or not it was currently intending to come down hard on it (see this to refresh your memory). Well, it has finally issued its first such non-binding sort of letter. Here's the scoop. [9/15/17]