Bloomberg news reports that the federal Consumer Financial Protection Bureau and the state attorneys general are on the verge of a deal to share information for use in investigations and prosecutions. To quote the report:
Consumer Financial Protection Bureau Director Richard Cordray said his agency is close to a deal to share data among state and federal authorities to probe abuses by banks and other financial services companies. The accord will “establish a general framework to share data on consumer financial protection issues,” Cordray said in a speech to the National Association of State Attorneys General today in Washington. ... The information-sharing deal focuses on using the Federal Trade Commission’s Consumer Sentinel network as a clearinghouse for complaints on financial services, said Roy Cooper, the attorney general of North Carolina. ... “Strong complaint data will be critical for us in detecting trends in scams and unfair lending,” Cooper said in an interview. “We hope that exchange goes both ways.”
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Posted by: Online Data Collection | Tuesday, March 20, 2012 at 06:24 AM