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CFPB Action Against Equifax Imminent

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The Federal Trade Commission and the Department of Justice are already investigating the cyberattack. Because Equifax is not strictly a financial company, there was uncertainty over whether the CFPB has the power to penalize the firm for the breach. Last week, U.S.

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US High Court Considers CFPB’s Fate

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president has the authority to fire the leader of the Consumer Financial Protection Bureau (CFPB), which was formed after the financial crisis, according to the Financial Times. The CFPB was founded in 2010. he said about the potential conflict between the president’s cabinet and the CFPB.

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Some Large Retailers Not Sold On One-Click Ordering

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They also believe that the setup raises concerns about how online transactions are treated under the Durbin amendment, which was part of the 2010 Dodd-Frank Act. In addition, the National Retail Federation (NRF) is planning to meet soon with federal regulators, including the Fed, the FTC and the Consumer Financial Protection Bureau (CFPB).

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Biden Could Tap FTC’s Rohit Chopra To Head CFPB

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Rohit Chopra , a commissioner at the Federal Trade Commission (FTC), is expected to be tapped by President-elect Joe Biden to head the Consumer Financial Protection Bureau (CFPB), according to the Wall Street Journal (WSJ) on Monday (Jan. 16), citing sources. Under Trump, the payday rule was revised in July.

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CFPB Changes Expected As Biden Administration Settles In  

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As reported, President-elect Joe Biden nominated Rohit Chopra , a commissioner at the Federal Trade Commission (FTC), to lead the Consumer Financial Protection Bureau (CFPB), replacing Kathy Kraninger as director (who remains in her post in a term that technically runs through 2023, but is likely to be replaced by Biden).

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