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Banks, Consumer Groups Both Got What they Wanted in ‘Mini-CFPB’ Bill
American Banker, Aug. 31, 2020–Kate Berry (subscription)
The California plan to create a new, tougher state regulatory agency is at the finish line after lawmakers agreed to key exemptions for banks while maintaining strong enforcement measures for payday lenders and other firms.
https://www.americanbanker.com/news/banks-consumer-groups-both-got-what-they-wanted-in-mini-cfpb-bill