There are a few groups of businesses that numerous people have been waiting for the Consumer Financial Protection Bureau to get in order. Probably the leading one would be debt collection agencies, which have been issued a number of tips by the Consumer Financial Protection Bureau.
The CFPB says that how you use your credit cards has the most effect on determining your credit rating. The conclusion was one of several in the CFPB’s brand new study of credit reports.
In the wake of stiffer regulations, some collectors and financial institutions have turned to the social networking as a way to track down debtors and to drum up brand new business. However, federal experts are looking into limiting the practice.