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Make Banks Great Again? G.O.P. Push to Ax Key Agency Poses Risks

By Tony Seruga

Republicans face disagreement over how far changes should go
Banks may resist CFPB overhaul after costly compliance efforts

Richard Cordray.

Photographer: Alex Wong/Getty Images

Donald Trump and Republican lawmakers have made no secret of their desire to remove shackles put on banks by the Dodd-Frank Act, and taking an ax to the Consumer Financial Protection Bureau is one of their top priorities.

But transforming stump speeches that vilified Elizabeth Warren’s favorite regulator into actual change is easier said than done for a variety of reasons. They include disagreements among Republicans about how far to go and opposition to blowing up the CFPB from an unlikely source: bankers…

Make Banks Great Again? G.O.P. Push to Ax Key Agency Poses Risks

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