Payment Law Advisor Legal Commentary and Resources for the Payment Industry

Tag Archives: Bureau

What the Security Group Consent Order Suggests About the CFPB’s Direction

Posted in Regulatory and Compliance
For many months, the Consumer Financial Protection Bureau (Bureau) has hinted it would focus its enforcement efforts on debt collection conduct. The Bureau’s settlement earlier this month with Security Group Inc., Security Finance Corporation of Spartanburg, and Professional Financial Services Corp. (collectively, “Security Group”) is th… Read the rest