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CUNA, NAFCU Support Bill to Exclude Many Financial Institutions From CFPB Rules

Friday, January 12, 2018
David Baumann | Credit Union Times
Scott Astrada

Some consumer groups disagree. “Considering the success the CFPB has had in fighting for consumers, it is troubling that H.R. 1264 would essentially exempt a large part of the banking industry from the CFPB’s supervision,” Scott Astrada, director of federal advocacy for the Center for Responsible Lending, told a House subcommittee last week, in testimony opposing the bill.