Banks Lobby for Reinstatement of Consumer Regulator to Overturn Unpopular Rules

In a significant move reflecting the ongoing tensions between financial institutions and consumer advocacy, major banks have initiated efforts to reinstate the Consumer Financial Protection Bureau (CFPB) with the intention of rolling back regulations that they find burdensome. The CFPB, originally established in the wake of the 2008 financial crisis, was designed to protect consumers from predatory lending practices and ensure fair treatment in the financial marketplace.

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