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Consumer Financial Services Application Michigan Form
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People also ask
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What does the Bureau of Consumer Protection do for consumers?
The FTC's Bureau of Consumer Protection stops unfair, deceptive and fraudulent business practices by collecting reports from consumers and conducting investigations, suing companies and people that break the law, developing rules to maintain a fair marketplace, and educating consumers and businesses about their rights ...
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What is consumer financial services?
Consumer financial services, also called retail financial services, are financial services offered to ordinary consumers. They cover a wide array of products such as: current and savings accounts. payment services. credit cards.
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How does the CFPB help consumers?
The functions of the CFPB to assist people in borrowing money or using other financial services include: implementing and enforcing Federal consumer financial laws; reviewing business practices to ensure that financial services providers are following the law; monitoring the marketplace and taking appropriate action to ...
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How does Consumer Financial Protection Bureau help consumers?
The functions of the CFPB to assist people in borrowing money or using other financial services include: implementing and enforcing Federal consumer financial laws; reviewing business practices to ensure that financial services providers are following the law; monitoring the marketplace and taking appropriate action to ...
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Does filing a complaint with CFPB do anything?
Consistent with applicable law, we securely share complaints with other state and federal agencies to, among other things, facilitate: supervision activities, enforcement activities, and. monitor the market for consumer financial products and services.
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How do I contact the DOI in Michigan?
DIFS Contact Information Hours of OperationMonday - Friday 8:00 AM - 5:00 PM (EST) Phone Number 517-284-8800 or 877-999-6442 (Toll-Free) Fax Number 517-284-8837 DIFS General Mailing Address DIFS PO Box 30220 Lansing, MI 48909-77209 more rows
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What is the Consumer Financial services Act in Michigan?
Act 161 of 1988 AN ACT to regulate the providing of certain consumer financial services; to provide for licensing of certain financial institutions; to prescribe powers and duties of certain state departments and agencies; to prohibit certain activities; and to provide for remedies and penalties.
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How does the consumer credit Protection Act help consumers?
The Consumer Credit Protection Act Of 1968 (CCPA) protects consumers from harm by creditors, banks, and credit card companies. The federal act mandates disclosure requirements that must be followed by consumer lenders and auto-leasing firms.
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