Consumer Financial Protection Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions, 89 Fed. Reg. 51,955 (June 21, 2024)

Available in the following formats:

89-FR-51955-June-21-2024.pdf

Law topic

Consumer Financial Protection Act

Government agency

CFPB

Primary source type

Federal Agency Interpretation

Issued:

2024

Description

The Consumer Financial Protection Bureau (CFPB) has issued Consumer Financial Protection Circular 2024–03, titled, ‘‘Unlawful and Unenforceable Contract Terms and Conditions.’’ In this circular, the CFPB responds to the question, ‘‘Can persons that include unlawful or unenforceable terms and conditions in contracts for consumer financial products and services violate the prohibition on deceptive acts or practices in the Consumer Financial Protection Act (CFPA)?’’