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The most vital anxiety from progressive lawmakers and buyer groups is that the CFPB could see its sources chopped if still left to your whims of Congress.
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Meaning useful reference the impact could spread much over and above the company’s payday lending rule. "The Keeping will phone into problem all kinds of other rules that defend people with respect to charge cards, financial institution accounts, home loan loans, credit card debt assortment, credit studies, and identity theft," tweeted Chris Peterson, a previous enforcement attorney with the CFPB that is now a legislation professor for the University of Utah.
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