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Trade groups want small business panel for CFPB ability-to-repay rule
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Banking, Consumer Protection
Monday, June 18, 2012
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A group of associations representing the banking, mortgage and real estate industries urged the Consumer Financial Protection Bureau to convene a small business panel in connection with the agency’s ability-to-repay rulemaking. Read on to learn why the groups said the CFPB should seek feedback from such a panel, even though the regulator is not legally bound to do so.
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