Consumer Financial Protection Bureau Director Richard Cordray Wednesday gave an update on the Bureau’s activities to a group of state attorneys general. The address covered a wide range of topics, including cooperation with AGs in debt collection regulation and rulemaking.
Cordray was speaking at the annual winter meeting of the National Association of Attorneys General in Washington, DC. Formerly the Ohio Attorney General, Cordray noted that “we have found that we can achieve some tremendous results by working together and being great partners.”
He lauded the work of state AGs in regulating the debt collection industry, saying, “For decades, the attorneys general, along with the Federal Trade Commission, have been at the forefront of fighting unfair and deceptive practices by debt collectors.”
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