Fuel For Fire: Treasury’s New Consumer Database

Law360, New York (February 7, 2011, 2:09 PM EST) -- The U.S. Treasury Department recently announced the creation of a searchable Consumer Inquiry and Complaint Database, pursuant to authority under Dodd-Frank. The database is an all-encompassing repository of complaints, potentially available to complainants and litigants, made to federal and state agencies regarding consumer financial products and services.

The system initially will be operated by Treasury’s Consumer Financial Protection Bureau (CFPB) Implementation Team and later transferred to the CFPB. Because of the breadth of retained information and potential scope of access, the database could add another layer...
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