Law Practice
Aug. 27, 2014
CFPB's latest suit could signal change in debt collections industry
The Consumer Financial Protection Bureau's latest move - a lawsuit against a high-volume debt collection firm - has spurred chatter in the legal industry concerning the future of the collection business.
Daily Journal Staff Writer
Since it was created four years ago, the Consumer Financial Protection Bureau has made a name for itself taking action where it sees financial abuse against consumers. The young agency's latest move - a lawsuit against a high-volume debt collection firm - has spurred chatter in the legal industry concerning the future of the collection business.
Opinions differ on the suit itself: Some c...
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