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A court just ruled that CFPB's funding is unconstitutional, and that could be 'catastrophic' for mortgage markets

Por: CNBC Politics October 28, 2022

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Signage at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C.Andrew Kelly ReutersA court tossed out a regulation written by the Consumer Financial Protection Bureau for payday lenders last week, saying the agency's funding was unconstitutional and that it, therefore, lacked the ability to curb the industry.The U.S. Court of Appeals for the Fifth Circuit voided a CFPB rule that prohibited payday lenders from... + full article



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