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» Because of Court Ruling, CFPB Has No Authority Over Nonbanks?
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Because of Court Ruling, CFPB Has No Authority Over Nonbanks?
February 1, 2013
Paul Muolo
The recent court ruling which called into question the legitimacy of certain recess appointments including that of CFPB director Richard Cordray also means the agency may not have any regulatory oversight over nonbanks.
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