CFPB Shuts Down Commonwealth Financial Systems for Illegal Debt Collection Practices
Collection Industry News
DECEMBER 19, 2023
Enforcement Action Under the Consumer Financial Protection Act, the CFPB has the authority to take action against entities violating consumer financial protection laws, including the Fair Credit Reporting Act and Fair Debt Collection Practices Act. In September, the agency kicked off a rulemaking to remove medical debt from credit reports.
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