Consumer financial product or service definition

Consumer financial product or service shall have the same meaning as under Section 1002(5) of the CFP Act.
Sample 1Sample 2Sample 3
Consumer financial product or service under the Dodd-Frank Act means any “financial product or service,” either offered or provided for use by consumers primarily for personal, family, or household purposes, or, as applicable, delivered, offered, or provided in connection with a consumer financial product or service. Section 1002(5) of the Dodd-Frank Act, 12 U.S.C. 5481(5). “Financial product or service” includes “extending credit and servicing loans, including acquiring, purchasing, selling, brokering, or other extension of credit (other than solely extending commercial credit to a person who originates consumer credit transactions).” Section 1002(15)(A)(i) of the Dodd-Frank Act, 12 U.S.C. 5481(15)(A)(i); see Section 1002(7) of the Dodd-Frank Act, 12 U.S.C. 5481 (defining “credit” as “the right granted by a person to a consumer to defer payment of a debt, incur debt and defer its payment, or purchase property or services and defer payment for such purchase.)” “Financial product or service” also includes “collecting debt related to any consumer financial product or service.” Section 1002(15)(A)(x) of the Dodd-Frank Act, 12 U.S.C. 5481(15)(A)(x).
Sample 1Sample 2Sample 3
Consumer financial product or service means any financial product or service that is:
Sample 1Sample 2Sample 3

Examples of Consumer financial product or service in a sentence

  • For purposes of §§ 1006.6 and 1006.14(h), the term consumer includes the persons described in § 1006.6(a).(f) Consumer financial product or service debt means any debt related to any consumer financial product or service, as that term is defined in section 1002(5) of the Dodd- Frank Act (12 U.S.C. 5481(5)).

  • Consumer financial product or service means any financial product or service, as defined in 12 U.S.C. 5481(15), that is described in one or more categories under: (1) 12 U.S.C. 5481(15) and is offered or provided for use by consumers primarily for personal, family, or household purposes; or (2) Clause (i), (iii), (ix), or (x) of 12 U.S.C. 5481(15)(A) and is delivered, offered, or provided in connection with a consumer financial product or service referred to in subparagraph (1) of this paragraph.


More Definitions of Consumer financial product or service

Consumer financial product or service means any Financial Product or Service that is described in one or more categories under—
Sample 1Sample 2
Consumer financial product or service means either of the following:
Sample 1Sample 2
Consumer financial product or service means any financial product or service, as defined in section 1002(15) of the Act that is described in one or more categories under:
Sample 1
Consumer financial product or service means both “consumer financial product or service” as defined in subdivision (e) of Section 90002 and any other product or service subject to the department’s jurisdiction.
Sample 1
Consumer financial product or service means: a) a financial product or service that is delivered, offered, or provided for use by consumers primarily for personal, family, or household purposes; or b) a financial product or service that directly or indirectly brokers the offer or sale of a franchise in this state on behalf of another.91
Sample 1
Consumer financial product or service. ’ under the Dodd-Frank Act means any ‘‘financial product or service,’’ either offered or provided for use by consumers primarily for personal, family, or household purposes, or, as applicable, delivered, offered, or provided in connection with a consumer financial product or service. Section 1002(5) of the
Sample 1

Related to Consumer financial product or service

  • Related Financial Product means any financial product which references directly or indirectly the Preference Shares.

  • Consumer product means a chemically formulated product used by household and institutional consumers including, but not limited to, detergents; cleaning compounds; polishes; floor finishes; cosmetics; personal care products; home, lawn, and garden products; disinfectants; sanitizers; aerosol paints; and automotive specialty products; but does not include other paint products, furniture coatings, or architectural coatings. As used in this article, the term “consumer product” shall also refer to aerosol adhesives, including aerosol adhesives used for consumer, industrial, and commercial uses.

  • financial service provider means a person engaged in the business of providing financial services in terms of authorisation issued or registration granted by a financial sector regulator;

  • Consumer means any person who is supplied with electricity for his own use by a licensee or the Government or by any other person engaged in the business of supplying electricity to the public under this Act or any other law for the time being in force and includes any person whose premises are for the time being connected for the purpose of receiving electricity with the works of a licensee, the Government or such other person, as the case may be;

  • Retail customer means any person that purchases retail electric energy for its own consumption at

  • Consumer Price Index means the Consumer Price Index for