On Monday, the Consumer Financial Protection Bureau (CFPB), set forth a proposal to create a national registry to, as they say, “detect repeat offenders.” Offenders who they deem are a risk to American households because they have become subject to certain local, state, or federal consumer financial protection agency or court orders. As well intentioned as this may seem, it brings to question the legal process that the CFPB and other agencies employ. After all, the average person cannot afford to defend against their allegations without going into financial ruin.
Below is their proposal. You be the judge.
CFPB Proposes National Blacklist – Consumer Financial Protection Bureau – CFPB
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