Business

Consumer Financial Protection Bureau appears to shed its aggressive reputation

Wednesday's ruling overturns a November 2016 decision that had given presidents the power of dismissal over a CFPB director and marks the latest development in a complicated fight over leadership of the agency, which was established to crack down on predatory financial practices after the 2007-2009 financial crisis.

Source: NBC

The Consumer Financial Protection Bureau last year sued four lenders affiliated with a Northern California Native American tribe, alleging their costly loans violated interest rate caps in more than a dozen states.

All Sources: Los Angeles Times NBC

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