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Republicans Launch Bicameral Salvos Against Wall Street Watchdog

Wednesday, February 15, 2017
Andrea Germanos | Common Dreams
Michael Calhoun

Michael Calhoun, president of the Center for Responsible Lending, argued last month that, "If predatory lenders succeed in undermining Director Cordray and the CFPB, we will revert back to lax financial regulations. This will signal that it is once again open season on consumers. It could also cause yet another painful economic crisis caused by big banks and predatory lending that we simply cannot afford."