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Chamber of Commerce calls for restructuring CFPB

By Joseph Lawler
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Chamber of Commerce calls for restructuring CFPB

The U.S. Chamber of Commerce called for a range of changes to the Consumer Financial Protection Bureau on Thursday, including shifting it to a bipartisan commission and bringing its funding under Congress’ control.

The Chamber, the biggest business lobby, is set to release a report Friday outlining 23 proposed changes to the bureau, which is responsible for regulating mortgages, credit cards and other consumer financial products.

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