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Consumerist: As Congress Preps To Scrap Prepaid Card Protections, Lawsuit Seeks Release Of Emails Between Lawmakers & Lobbyists
The Freedom Of Information Act lawsuit filed today by advocacy group Allied Progress asks a federal court in D.C. to compel the CFPB to turn over communications involving the pending prepaid card rules.
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Consumerist: ‘Financial CHOICE Act 2.0’ Blasted By Retailers & Lawmakers
Rep. Hensarling has accepted at least $7.38 million from companies regulated by the CFPB, according to Allied Progress.
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Consumerist: Bank-Backed Congressman Introducing Law To Gut Consumer Financial Protections
Hensarling’s revisions and original legislation targeting the CFPB aren’t entirely a surprise, as he — and the Financial Services Committee he leads — has strong ties to Wall Street and big banks, Allied Progress reports.
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Consumerist: Treasury Secretary Nominee Mnuchin Misled Senate About Robo-Signed Foreclosures
Karl Frisch of Allied Progress says, “We already knew that Steven Mnuchin made hundreds of millions at the expense of hardworking Americans and their families. Now we know he lied about his bank’s foreclosure practices during the Senate confirmation process.”