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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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