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30 May 2014

CFPB Reports Risky Practices In Newly Supervised Nonbank Markets

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The CFPB issued a report highlighting illegal actions uncovered by its supervision of the nonbank payday, debt collection and consumer reporting markets.
United States Finance and Banking

On May 22, the CFPB issued a report highlighting illegal actions uncovered by its supervision of the nonbank payday, debt collection and consumer reporting markets.  These markets are being federally supervised for the first time under the CFPB's authority granted under Dodd-Frank.  Press Release.   

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