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Cordray to Senate: CFPB cares about small businesses, too
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Banking
Tuesday, August 23, 2016
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Nearly three-quarters of the Senate are concerned about the Consumer Financial Protection Bureau’s mammoth, complex rulemakings and how they impact small financial institutions — and the bureau doesn’t disagree that this is an important concern. After a bipartisan group of senators urged CFPB Director Richard Cordray to take it easy on small business entities, Cordray penned a response. Read on to find out where the senators and Cordray found common ground.
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