Carter Dougherty of Bloomberg reports this morning that the Consumer Financial Protection Bureau is entering into an information-sharing agreement with state attorneys general, that will help states enforce consumer protection laws. The agreement will “establish a general framework to share data on consumer financial protection issues,” according to an advance copy of a speech Cordray will give to the National Association of State Attorneys General later today in Washington. Cordray will also collaborate with state AGs offices on a “national strategic plan” to address abuses in various areas, but debt collection, an area regulated on both state and federal levels, was specifically mentioned. I can think of a couple of other areas where such collaboration would also be useful, but this is a good start.
CFPB to Share Information with Attorneys General
March 6, 2012 by Nathalie Martin 74201Leave a CommentCFPB+to+Share+Information+with+Attorneys+General2012-03-06+16%3A59%3A35Nathalie+Martinhttp%3A%2F%2Fthepatriotswar.com%2F%3Fguid%3D8efdf08f0a484f53049c9d6193c20d41
Filed Under: Securitization-MBS Tagged With: Address, Advance Copy, Bloomberg Reports, Collaboration, Consumer Protection Laws, Cordray, debt collection, Mortgage Backed Security, National Strategic Plan, securitization, securitization audit, Share Data, Share Information, State Ags, State Attorneys General