Overlapping missions and jurisdictions are fueling competition between the Consumer Financial Protection Bureau and the Federal Trade Commission, according to former officials at both agencies.

Though there is often underlying tension between government agencies, some sources said it is particularly acute when it comes to the CFPB and FTC. Both agencies share oversight of certain areas, including debt collection, payday lending and auto financing, and appear anxious to be known as the more aggressive one in rooting out potential consumer harm.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.