CFPB releases new debt collection rules
The Consumer Financial Protection Bureau (CFPB) released new rules for debt collection earlier this week. The new rules are set to push banks, credit card companies and other first-party creditors to improve their data retention and transfer processes. 
By Evan Weinberger (July 28, 2016, 9:26 PM EDT) -- Banks, credit card companies and other first-party creditors may have been left out of the Consumer Financial Protection Bureau's outline of new rules for debt collection released Thursday, but they will likely still face new pressures to improve their data retention and transfer processes under the coming framework....

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