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Inspector General releases report on impact of CFPB cutbacks
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Consumer Finance MonitorInspector General releases report on impact of CFPB cutbacks
Changes at the CFPB have caused a backlog of consumer complaints, the CFPB’s Office of Inspector (OIG) said, in a report. Stop-work orders also resulted in CFPB staff temporarily not performing enforcement, supervision and other functions, but workforce-reduction actions had limited impact on bureau operations because of court intervention, the OIG said. In addition, cancellations...
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