State Official Notification

The CFPB has finalized the following three rules which were issued as interim final rules in July 2011:

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NotificationOne of the four sets of Interim Final Rules released by the CFPB on July 28 was its “State Official Notification Rules,” which set forth the obligations of state attorneys general to notify the CFPB when the AGs bring actions to enforce the provisions of the Dodd-Frank Act.  One might wonder whether such rules are even necessary, given the close cooperation anticipated between state AGs and the CFPB. … Continue Reading