Consumer finance regulator barks, industry shudders

Consumer finance regulator barks, industry shudders

By DANIEL WAGNER The Associated Press
Published Sep 12, 2012 11:49AM MDT
Washington • The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far. In the 14 months it has existed, the Consumer Financial Protection Bureau has launched dozens of enforcement probes and issued more than 100 subpoenas demanding data, testimony and marketing materials — sometimes amounting to millions of pages — from companies that include cr...
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