Recommended insights
The progressives strike back: Biden nominates FTC Commissioner as CFBP Director
Financial Services
This week US President Joe Biden nominated Rohit Chopra, currently a Democratic commissioner with the Federal Trade Commission, as Director of the Consumer Financial Protection Bureau (CFPB), the lead US consumer-finance regulator, heralding a more activist period for the CFPB following the more business-friendly approach of the Trump era. Kathleen Kraninger, the Trump…
New US consumer debt collection regulations are a boon for larger players
Financial Services
Unnoticed by most amidst the tragedies and dramas of 2020, US regulators last month completed a years-long effort to update the rules surrounding the unglamorous but important function of collecting delinquent consumer debt. Effective November 2021, the new rules are a positive for larger US-based debt-collection firms, which buy or service non-performing loan portfolios…