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Republicans Concoct Plan to Weaken CFPB

REPUBLICANS PLAN TO WEAKEN THE CFPB: House Republicans are working on a plan that could weaken the Consumer Financial Protection Bureau, reported The Washington Post. “House Republicans would de-fang the consumer protection agency and make it more susceptible to political shifts by granting more control and oversight to the White House and Congress. One key change would convert the CFPB into an executive agency with a director who can be removed by the president at will. Currently, the director of the independent agency can only be fired for cause.”