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House Republicans advance ‘best shot’ at reining in Obama-era consumer protections

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Watch live: McKernan, Trump’s pick to lead CFPB, faces Senate confirmation hearing




House Republicans on Wednesday advanced legislation that seeks to significantly limit the funding the Consumer Financial Protection Bureau (CFPB) is able to access, a move Democrats say would “dismantle” the agency. The GOP-led House Financial Services Committee on Wednesday afternoon voted 32-20 along party lines to make major changes to the funding structure for the…



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