The bureau's rule-making proposal could unleash “a battle over the [collection] industry’s tactics and consumers’ rights."
While preventing another financial crisis is paramount, there were a number of unintended consequences of the law.
The proposed law would significantly amend the Dodd-Frank Act and restore flexibility to financial institutions.
With Republicans in charge of the government, regulatory constraints on financial services firms may begin to relax.
The benefits in bank conversion are clear, but the path to getting approval from regulators that tend to distrust innovation is challenging.
What financial services firms can do to keep "the most powerful and least accountable federal agency in Washington" at bay.
The regulations coming out of the law are driving community banks to consolidate and making them less profitable.
