The Consumer Financial Protection Bureau (“CFPB”) announced a proposed rule on Feb. 16, 2012 to include debt collectors and credit reporting agencies under its nonbank supervision program. These consumer financial market participants are not currently subject to federal supervision.
New Rules Proposed for Debt Collectors and Reporting Agencies
The Consumer Financial Protection Bureau announced a proposed rule to include debt collectors and credit reporting agencies under its nonbank supervision program. These consumer financial market participants are not currently subject to federal supervision.
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