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Banking associations targeting CFPB while still building ties with officials

Trade groups supporting GOP efforts to limit the power of new bureau director RELATED CONTENT Payday lending group boosts interest in D.C. Having failed to prevent the creation of the Consumer Financial Protection Bureau during last year’s passage of the Dodd-Frank financial overhaul, affected trade associations are lobbying for changes they say will improve it. Defenders say bankers and other lobbies are trying to “gut” the CFPB before it launches July 21. Yet these associations are in a delicate position. All the while lobbying to change the structure of the bureau—which they see as having too much power and too little accountability—they are also trying to… Read More