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What to Expect If the GOP Takes Control of the CFPB

Tuesday, August 15, 2017
Victoria Finkle | Bloomberg BNA
Michael Calhoun

“The CFPB was making tremendous progress catching up on several decades of neglect for consumer protections and it was improving financial markets in important ways,” said Michael Calhoun, president of the Center for Responsible Lending. “There’s certainly a large risk that parts of that will be rolled back and that progress will be slowed or stopped — and that’s a huge loss.”