Tuesday, March 27, 2012

U.S. consumer agency to be active in court cases


March 27 (Reuters) - The new Consumer Financial Protection Bureau said it planned to play an active role in court cases involving disputes over consumer lending laws.

The agency, which opened its doors in July, is charged with policing markets for financial products such as credit cards and mortgages.

On Tuesday, the agency said it had filed a friend-of-the court brief in a truth in lending law case before the Denver-based U.S. 10th Circuit Court of Appeals.

"We are committed to making sure that borrowers can exercise their rights to the full extent allowed under this law," CFPB Director Richard Cordray said in a release.

Read Full News


Resources for YOU:
Bookmark and Share

No comments:

Post a Comment