OCC to Tag Team With CFPB Examiners in Debt Sale Practices
August 12, 2013
The OCC plans to collaborate with CFPB examiners on reviews the OCC is undertaking of the debt sales practices of financial institutions under its jurisdiction. Where OCC has been informed of CFPB reviews, resident OCC teams will collaborate with [the] CFPB, bringing both a safety and soundness and a consumer protection focus to these reviews, the OCC said in a recent statement to the Senate Banking, Housing and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Where examiners find unsafe and unsound...