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Collections lawyers bracing for federal oversight (access required)

After the new year some lawyers engaging in debt collection will now be supervised by the Consumer Financial Protection Bureau pursuant to a new rule promulgated by the agency.

Proposed rule targets debt collectors, credit agencies (access required)

POSTED: Monday, February 27th, 2012 at 11:43 am

BY: DOLAN MEDIA NEWSWIRES

The new federal consumer protection bureau has proposed a rule that would place large-scale debt collectors and consumer reporting agencies under its “nonbank” supervision program.

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