In a notice published in today’s Federal Register, the CFPB has announced that it has adopted its interim final rule on temporary cease-and-desist orders (C&Ds) without change.  The final rule takes effect on July 18, 2014. 

The CFPB is authorized to issue temporary C&Ds under Section 1053(c) of Dodd-Frank.  That provision authorizes a temporary C&D