CFPB Required and Recommended Policies and Procedures


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Do you have the right policies and procedures in place to meet CFPB requirements?

Financial services organizations need to have policies and procedures in place that help them meet regulatory requirements. The Consumer Financial Protection Bureau (CFPB) is one regulator that many financial services organizations need to report to in order to prove they are operating under compliance with their guidelines.

In this article, BAI highlights both required and recommended policies and procedures that businesses should have in place in order to demonstrate they are operating within the guidelines and avoid being fined or issued consent orders or enforcement actions. Key topics include:

  • ACH activities
  • Policies and procedures needed
  • NACHA Operating Rules and Guidelines
  • Approvals Needed


To learn more about all the policies and procedures your organization should have to be CFPB compliant, download BAI’s "CFPB Required and Recommended Policies and Procedures" today!