CFPB launches innovation partnership

The Consumer Financial Protection Bureau has launched the American Consumer Financial Innovation Network in partnership with multiple state regulators. ACFIN is aimed at enhancing coordination among federal and state regulators to facilitate financial innovation. The bureau also announced several new policies designed to promote innovation.

CFPB settles with Illinois debt collection firm

The Consumer Financial Protection Bureau has settled with Asset Recovery Associates, Inc., a debt-collection company headquartered in Illinois, over allegations it falsely threatened consumers.

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