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California Plans to Launch Own CFPB

Friday, January 10, 2020   (0 Comments)
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California Plans to Launch Own CFPB

 

California could soon have a financial regulator that rivals the New York Department of Financial Services in terms of clout, reach, and scope. On Friday, California Governor Gavin Newsom will reportedly unveil a plan for the state to enact its own version of the Consumer Financial Protection Bureau, overhauling and increasing the power of the state’s Department of Business Oversight.

 

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