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FSC hearing on CFPB power balance, priorities highlights broader government accountability issues
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Consumer Protection, Government Oversight, Industry Regulation, Legislation, Nonbank Financial
Friday, March 28, 2025
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A litany of longstanding disagreements about how to increase accountability at the Consumer Financial Protection Bureau (CFPB) while still enabling it to carry out its statutory mission came to light during the House Financial Services Committee’s hearing titled, “A New Era for the CFPB: Balancing Power and Reprioritizing Consumer Protections.”
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