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Supreme Court case may gut the CFPB: Consumer watchdog’s ‘future is on the line,’ group says

Collection Industry News

If the high court sides with the CFSA, a trade group representing payday lenders, its ruling could have broad and significant impacts for consumers, according to legal experts and consumer advocates. The CFPB was established in 2011 by the Dodd-Frank financial reform law in the wake of the Great Recession.