“In One or More”: CFPB’s Imprecision Detracts from its Promised Transparency
In recent reports highlighting issues relating to mortgage and student loan servicing, debt collection electronic fund transfers and more, the CFPB has taken to describing the problems as being found at "one or more servicers" or "in at least one examination." Such descriptions obscure the magnitude of such problems and detract from the transparency promised by the agency. [10/31/14]