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consumer financial protection bureau
Carter Dougherty of Bloomberg reports this morning that the Consumer Financial Protection Bureau is entering into an information-sharing agreement with state attorneys general, that will help states enforce consumer protection laws. The agreement will “establish a general framework to...
The Consumer Financial Protection Bureau (CFPB) has opened an inquiry into overdraft fee practices. Today, CFPB representatives are in New York at town hall meeting for consumers to share their overdraft fee experiences. The CFPB also has a Notice and...
Regulating Credit Reporting Agencies and Debt Collectors: Richard Cordray and the CFPB Establish Some of Their Territory
Sally Adams rides the bus home from her second job as a nighttime clerk and—every day—goes by the bright green “Payday Loans” sign. She knows such offers have a reputation as scams, but she also has two kids at home, one of whom has come down with a bone-shattering...
David Lazarus Interview with Richard Cordray on Proposed Rules for CFPB to Supervise Large Credit Bureaus and Debt Collectors
by Jeff Sovern Here. Lazarus has an interesting quote from Cordray: "Unlike most services or products where consumers can shop around among different providers, consumers can't do that with these businesses," Cordray said. "Consumers don't get to choose their debt...by Jeff Sovern Here. ...
This posting was written by Sarah Borchersen-Keto, CCH Washington Correspondent.A proposed rule from the Consumer Financial Protection Bureau (CFPB)would place debt collectors and consumer reporting agencies that qualify as larger market participants within the bureau’s nonbank supervision program,...