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Cordray urges diligence from CFPB to protect consumers
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Consumer Protection
Tuesday, April 14, 2020
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As the Consumer Financial Protection Bureau (CFPB) has issued industry guidance the past month to provide regulatory relief during the coronavirus pandemic, one voice is speaking up to urge caution in those plans.
Former CFPB Director Richard Cordray authored a whitepaper with two former colleagues to provide recommendations to the bureau as it navigates the business disruption.
Read on for details of the recommendations, and why the former director believes the bureau needs to “change gears fast.”
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