Dodd-Frank created the Consumer Financial Protection Bureau (“CFPB”) and granted that federal agency significant powers to regulate financial institutions. But Dodd-Frank also empowers state regulators to enforce the new...more
2/25/2015
/ Attorney General ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Debtor-Creditor ,
Dodd-Frank ,
ECOA ,
Enforcement ,
Enforcement Actions ,
Equal Access to Credit ,
Financial Institutions ,
UDAAP ,
Unfair or Deceptive Trade Practices
On February 5, 2015, the Federal Trade Commission sent a letter to the Consumer Financial Protection Bureau (“CFPB”) describing its consumer protection efforts in 2014 in the area of debt collection. As reflected in the...more