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Model Applications for CFPB Innovation Policies

Alert October 17, 2019

Model Applications for CFPB Innovation Policies

October 17, 2019, Covington Alert

On September 10, 2019, the Consumer Financial Protection Bureau issued a No-Action Letter Policy, along with a Compliance Assistance Sandbox Policy and Trial Disclosure Program Policy, to promote innovation and facilitate compliance in consumer financial services.

Covington & Burling LLP is pleased to provide this Model No-Action Letter Application as a starting point for clients and friends who are interested in preparing an application for a No-Action Letter or for participation in the Compliance Assistance Sandbox or Trial Disclosure Program.

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