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National Association of Insurance Legislators seeks dialogue with CPFB on blurred lines
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Industry News, Regulatory Updates
Thursday, December 11, 2014
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Acting on concerns that he Consumer Financial Protection Bureau (CFPB) may be overstepping its authority with regard to state insurance regulation, The National Conference of Insurance Legislators (NCOIL) at its Annual Meeting voted to send a letter to the CFPB that seeks to open a formal dialogue with the bureau and asks for clarity on its rationale for certain enforcement decisions. This includes actions against title insurers who are closely regulated at the state level.
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