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Tag Archives: CFPN

Weltman, Weinberg & Reis Respond to CFPB Claims

Weltman, Weinberg & Reis, a debt collection firm, claimed that the allegations brought against it by the CFPB are false. Claims that the firm falsely represented in millions of collection letters that attorneys were involved in collecting the debt have been defended by the firm, and Weltman, Weinberg & Reis noted that they have not been involved in any other government action or disciplinary review.

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Questioning the Constitutionality of the CFPB

The goal of a recent Committee on Financial Regulations hearing was “examine the unconstitutional structure of the CFPB and how it has yielded unaccountability to Congress and the executive branch.” Additionally, the committee looked at ways in which the bureau may be restructured in order to make the Bureau more Constitutional and more accountable.

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