Industry Groups Want the CFPB to Issue ‘Binding’ Guidance
July 9, 2018
In response to the CFPB’s request for information on regulatory guidance, a number of industry trade groups expressed their belief that such guidance, when issued, should be legally binding. Currently, the CFPB uses disclaimers on non-rule guidance, which means the advice given is only intended to aid understanding and implementation. Many industry groups said the disclaimers undermine the value of the guidance. “The broader and more extensive a disclaimer ...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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