Post Profile






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.
read more

share

Related Posts


Consumer watchdog bureau proposes rule to supervise debt collectors, consumer reporting agencies

Politics / US Politics : Political Hotsheet

New proposed rule would put debt collectors and credit bureaus under federal supervision for the first time

Have a problem with a payday loan? The feds want your complaint

Business & Finance / Personal Finance : TODAY: Money

The Consumer Financial Protection Bureau has expanded its consumer complaint database to include problems with payday loans. The CFPB is the first federal agency with the regulatory authority to supervise this industry.“Before the C...

Feds will now help resolve debt collection complaints

Business & Finance / Personal Finance : TODAY: Money

People being hounded by debt collectors have a new ally.The Consumer Financial Protection Bureau (CFPB) is now taking complaints about all types of consumer debt collection, including those for credit cards, mortgages, auto loans, m...

Consumer Regulatory Agency Takes On Debt Collectors

US Politics / Liberal : ThinkProgress: Justice

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 ...

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

Lifestyle / Shopping : The Consumerist

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...

Comments



Copyright © 2015 Regator, LLC