Want proof? Take a look at a current crackdown into the subprime sector by the customer Financial Protection Bureau.
The watchdog agency, which conservatives say may be the embodiment of regulatory overreach, slapped Clearwater’s Clarity solutions Inc. And its particular owner, Tim Ranney, by having an $8 million fine for illegally accessing the credit files of a large number of customers nationwide.
Which is bad sufficient. Making things even even worse is really what the business did along with those credit files.
In line with the bureau, Clarity used them to come up with product product sales leads for firms which make “small-dollar loans to customers that have slim credit files. “