Category: CFPB
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Lawsuit filing details DOGE’s plans to dismantle the CFPB
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Before interfering at the last minute by a federal judge, Trump administration officials were planning to strip the Consumer Protection Office until there was nothing remaining for the agency, but a room with “five men and phone in it”, according to the current and former employees. Their testimony was mentioned…
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US CFPB dismisses lawsuit against Berkshire unit over risky home loans
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(Reuters) – American Consumer Protection Office rejected Vanderbilt Mortgage and Finance, a unit of the Hathaway unit from Warren Buffett, who pushes borrowers to loans who were unable to buy homes from the Clayton Home Unit in Berkshire. On Thursday, the volunteer separation is part of the wide -awing reduction…
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CFPB Rule Shakes Up Banks: Open Banking Ushers in an Era of Transparency
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Buckle up, because the financial sector is about to be swept up in a wave of transparency. For many years, consumer data remained boxed in a fenced garden, with traditional banks acting as gatekeepers. Access was tightly controlled, distributed in drops and shuffles. The CFPB’s move dismantles those walls, giving…