Remember Project Catalyst? (Neither Do We)
About a year ago, the CFPB rolled out Project Catalyst, a plan to allow the innovation of financial products without fear of enforcement by allowing companies to get from the bureau a no-action letter. However, because the no-action letters are non-enforceable and can be revoked at any time, is it any surprise that a total of zero no-action letters have been granted to date? [4/26/17]


