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HTMLCFPB Payday Loan Report and Hearing
Peter L. Cockrell, Brett M. Kitt, Gil Rudolph, J. Scott Sheehan; Greenberg Traurig, LLP;
Legal Alert/Article
April 3, 2014, previously published on March 31, 2014
On March 25th, the CFPB released its second report on payday loans (the Report) and also held a field hearing on that issue. The CFPB’s Office of Research prepared the Report based upon data it collected over a 12-month period from more than 12 million storefront payday loans. The Report is a...

 

HTMLCFPB Issues Report on Debt Collection Industry
Peter L. Cockrell, Brett M. Kitt, Gil Rudolph, J. Scott Sheehan; Greenberg Traurig, LLP;
Legal Alert/Article
April 2, 2014, previously published on March 28, 2014
On March 20th, the CFPB issued a report on the more than 30,000 consumer complaints it has received regarding the debt collection market. The CFPB started to accept debt collection complaints in July 2013 and these complaints quickly became the largest share of complaints received.

 


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