Washington DC – April 1, 2013 – In a surprise Monday morning announcement, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray announced that after a year of study, the CFPB has determined that self help repossession poses a danger to the public and will be illegal by law effective May 1, 2013 under a sweeping new financial regulation about to be released.
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Happy April Fool’s Day Kevin!!! That was a good one!!!