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Consumer Financial Protection Bureau (USA)

Consumer Financial Protection Bureau: Honing in on Debt Collection Practices

In its Spring Rule Making agenda the Consumer Financial Protection Bureau (CFPB) is honing on debt collection practices.  The CFPB has been doing research and outreach to assess issues in various other markets for consumer financial products and services over many months.  In November 2013, the CFPB issued an advance notice of proposed rulemaking seeking comment, data, and information from the public ... Read More »

CFPB Issues Warning to Specialty Consumer Reporting Agencies

The Consumer Financial Protection Bureau (CFPB) issued a bulletin raising concerns that specialty consumer reporting agencies are not easily releasing free information to consumers. The bulletin covers credit reporting agencies, that report activity such as bounced checks, gambling debts, employment and medical bills. These agencies must comply with the Fair Credit Reporting Act, including giving consumers one free report annually. But ... Read More »