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CFPB Targets Debt Collectors

The Consumer Financial Protection Bureau, created over stiff GOP opposition, is moving to bring debt collectors and the credit-rating industry under federal supervision for the first time. Debt collectors have more complaints lodged against them by consumers than any other industry, said bureau director Richard Cordray. "This oversight would help restore confidence that the federal government is standing beside the American consumer," Cordray said Thursday.
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Kevin L. Petrasic: The Consumers' Role in CFPB Supervision

Business & Finance : Huffington Post: Business Blog (3 years ago)

Recently, the Consumer Financial Protection Bureau (CFPB) released Version 1.0 of its Supervision and Examination Manual. The Manual represents perhaps the single most important document that will be issued by the new CFPB. Read Post

Consumer Regulatory Agency Takes On Debt Collectors

US Politics / Liberal : Think Progress (2 years ago)

The consumer agency created by the Dodd-Frank financial reform law is asserting authority over debt collection actions by large banks. A post on the Consumer Financial Protection Bureau’s (CFPB) blog Wednesday laid out the agency’s ... Read Post

CFPB Seeking To Get Credit Bureaus & Debt Collectors Under Its Watch

Lifestyle / Shopping : The Consumerist (3 years ago)

Now that the Consumer Financial Protection Bureau finally has a director, Richard Cordray, it's making some big moves to bring in debt collectors and credit bureaus under the umbrella of industries they want to supervise. The Washin... Read Post

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