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- The consumer Financial Defense Agency (CFPB) enjoys established its intent to exercise a beneficial “dormant” power supplied so you’re able to they less than Dodd-Frank to enhance the fresh extent of the agencies it supervises.
- The fresh new CFPB commonly allege the right to manage and you will keep track of people monetary actor you to work any sort of activity that’ll end in risk in order to user-along with nonbanks, and especially fintechs; nothing known about how brand new CFPB could make which assessment.
- The deficiency of a unified federal method to fintech regulatory supervision has generated a grass conflict into the Arizona. Continue reading “Assigned with regulating the user money globe, the newest CFPB operates to increase and you will improve openness, accountability, and you may consumer defenses”