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Weakening CFPB Would Allow Credit Bureaus To Run Amok Again


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Weakening CFPB Would Allow Credit Bureaus To Run Amok Again

US PIRG

WASHINGTON - A leading consumer group warned that special interest attacks designed to weaken the Consumer Financial Protection Bureau would also jeopardize its efforts to rein in the Big Three credit bureaus, which make mistakes that deny financial or employment opportunity to millions. The group added that since 2011 the successful CFPB has returned nearly $12 billion to 29 million consumers harmed by Wall Street banks, debt collectors, payday lenders, credit bureaus and other financial players.

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