Rumor mill or deterrent? Debate rages over consumer database

From: The Hill

By Megan R. Wilson

The financial industry and the Consumer Financial Protection Bureau are on a collision course over proposed changes to a database that would allow consumers to air their grievances in public against banks, credit card and other companies.

The Financial Services Roundtable, which represents some of the largest banks in the world, has been vocal in its opposition to an expansion of the complaint system.

 In an email to members obtained by The Hill, the Roundtable said it might consider a legal offensive to stop regulators from moving forward.

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