Bloomberg News
Cordray's remarks suggest that the relationship between a bank and a debt collector may be fundamentally unfair to the consumer, no matter how much due diligence the bank does on the debt collection firm.

CFPB Focuses on Consumer Choice — or Lack Thereof

Director Richard Cordray recently suggested that the actions of debt collectors, credit reporting agencies and mortgage servicers — and banks' ties to them — merit extra regulatory scrutiny because consumers are at their mercy.

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