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Posts tagged "Consumer Financial Protection Bureau Regulations Debt Collectors Collection Law Firms"

Big Collection Agencies to be Subject to Regulator

As reported in the New York Times today, the newly-created Consumer Financial Protection Bureau is proposing rules that would empower the Bureau to regulate the biggest consumer collection agencies, law firms and debt buyers, as well as big credit reporting companies. The proposed regulation does not impose any new regulations on these entities; it sets the stage for future regulations by specifying what large collection companies will be subjected to its future regulation.

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