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CFPB Concerns About Section 1071 Regulatory Burdens on Small Banks - Vimarsana News

CFPB Concerns About Section 1071 Regulatory Burdens on Small Banks

After the Consumer Financial Protection Bureau CFPB issued their Notice of Proposed Rulemaking related to Dodd-Frank 1071, Rohit Chopra expressed his concern regarding the regulatory burden that the proposed rule would have on small banks.