John Taylor, president and chief executive of the National Community Reinvestment Coalition, said the organization had spent years raising consumer protection and fair lending concerns with the Fed, to little avail.
"Debt buying, however, also may raise significant consumer protection concerns".
Major concerns were raised about consumer protections, internal data controls, and fraud and negligence within the industry.
"It's being raised as a consumer protection issue," he said, "but in reality they want an exemption to the laws that govern other loans".
The scandal raised questions about consumer protections, fraud and other issues inside the daily fantasy sports industry.
But it won't put an end to the intense scrutiny facing the industry since the data breach, which raised questions about consumer protections, internal controls within the companies, and the legality of daily fantasy sports.
A national look at the consumer protection issues raised by the rapidly growing use of rooftop solar panels just happened, when the Federal Trade Commission (FTC) convened a Workshop on this and other solar energy related issues in Washington DC on June 21st.
Though the scandal doesn't rise to the legal level of "insider trading," it raises "real questions about consumer protections" and internal security controls at the company, according to Marc Edelman, a law professor and sports business expert at the City College of New York.
On Monday, public interest groups also raised concerns that the negotiations would weaken consumer protection standards, and that corporate interests were too strong.
Raise the profile of the Fed's consumer protection activity (Regulation Z under the Home Ownership and Equity Protection Act).
