On the unfortunate chance your company’s subject to CFPB’s supervision and examination, you need to know what you’re getting into. The CFPB created a 924 page manual (version 2, released in October 2012) so that companies could be clear on what to expect – clear as mud, right? Tucked into that tome is a handy diagram that breaks down the process into four stages. Take a look.
Head’s Up: This infographic is not intended as legal advice. Consult your legal counsel for more detailed information.