This week, a number of consumer and regulatory actions made headlines that affect the retail industry. Continue reading for our weekly roundup.
Continue Reading Consumer Protection in Retail: Weekly Roundup
Consumer Financial Protection Bureau
OCC Issues Bulletin on Consumer Debt Sales to Third Party Buyers
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Posted in Bankruptcy, Corporate Governance
On August 4, 2014, the Office of the Comptroller of the Currency (the “OCC”) of the US Department of the Treasury issued new guidance outlining sound banking practices related to consumer debt sales to third-party debt buyers. The bulletin sets forth the OCC’s expectations for banks that engage in debt-sale arrangements and applies to all…