CFPB interested in cost of compliance

03/25/2013 | Reverse Mortgage Daily

The Consumer Financial Protection Bureau says in a blog post that it is looking into the cost that companies face in trying to comply with regulations passed on to it by other agencies. "As a first step, we will talk to banks across the country about the costs they incur to comply with consumer regulations for deposit products and services," the CFPB writes. "These include products like checking accounts and debit cards, which nearly all banks offer and most consumers use."

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