CFPB ISSUES SPANISH LANGUAGE FORMS AND A REMINDER

In late April, the Consumer Financial Protection Bureau (CFPB) issued:

  • Eight Spanish language version of several adverse action sample disclosures;
  • Six Spanish language version of several prepaid account sample disclosures; and
  • A reminder of financial institutions’ obligation to serve the communities where they do business, including communities with limited English proficiency and also encouraged them to use the translations as they work with Spanish-speakers in their community.