With Republicans in control of the House of Representatives and gaining strength in the Senate, I hope the next congress will work to make these changes:
First, redefine the Consumer Financial Protection Bureau to focus solely on less-regulated financial players — that would be mortgage companies and brokers, payday lenders, check cashers, finance companies, debt consolidators and insurance companies. CFPB should not have any rule-making or enforcement authority over FDIC-insured institutions, which already comply with a cadre of consumer protection laws. CFPB also should . . .
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