Federal agencies to fight abusive collecting practices of lenders

2013-07-26T20:49:20+00:00

Federal regulators announced in early July that they plan to fight questionable debt collecting practices of some of the nation’s big lenders. The Consumer Financial Protection Bureau asserted on Wednesday, July 10 that they have the authority to regulate debt collection practices of banks. According to Richard Cordray, unfair, deceptive, and abusive debt-collecting practices are [...]