The Consumer Financial Protection Bureau last week issued a final ruling on what constitutes fair debt collection behavior when communicating with consumers and outlined what is prohibited under that definition. While lenders aren’t third-party debt collectors, American Financial Services Association leaders voiced concerns this year that its membership could end …
Read More »Supreme Court weighs curbs on CFPB structure, independence
The Supreme Court seemed inclined to give the president more power over the Consumer Financial Protection Bureau as the justices considered whether Congress went too far in trying to insulate the agency from political pressure. Hearing arguments in Washington Tuesday, the court’s conservatives suggested they agreed with Trump administration contentions …
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