Consumer advocate Richard Cordray fears rise of 'vehement' debt collectors amid pandemic

Posted from: https://www.cnbc.com/2020/05/11/consumer-advocate-fears-rise-of-vehement-debt-collectors-amid-pandemic.html

The CARES Act provides relief measures for cash-strapped borrowers, including breaks on mortgages and student loan payments. But it will take firm federal oversight to ensure consumers benefit, said consumer advocate Richard Cordray, former director of the CFPB….

Posted from: https://www.cnbc.com/2020/05/11/consumer-advocate-fears-rise-of-vehement-debt-collectors-amid-pandemic.html

The CARES Act provides relief measures for cash-strapped borrowers, including breaks on mortgages and student loan payments. But it will take firm federal oversight to ensure consumers benefit, said consumer advocate Richard Cordray, former director of the CFPB….

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