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

Lifestyle / Shopping : The Consumerist (2 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

Consumer agency plans to oversee big credit bureaus, debt collectors

Business & Finance : Money & Co (2 years ago)

The Consumer Financial Protection Bureau plans to closely oversee large credit reporting companies and debt collectors in its first expansion of broad authority to send examiners into financial firms outside the banking system. Read Post

Kevin L. Petrasic: The Consumers' Role in CFPB Supervision

Business & Finance : Huffington Post: Business Blog (2 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


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