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CFPB tells debt collection industry to pay attention to order
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Consumer Protection
Wednesday, September 16, 2015
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A recent enforcement action by the Consumer Financial Protection Bureau (CFPB) against two debt buyers was not simply a slap on the wrists for the company. CFPB Director Richard Cordray specifically told the industry to study the consent orders signed with each company for insight on how the bureau plans to create regulations for debt collections. Read on to find out the lessons you need to know.
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