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November 16, 2017

CFPB director Richard Cordray to step down at the end of November

U.S. Attorney General Jeff Sessions said in a press release the Department of Justice will stop issuing guidance documents that “have the effect of adopting new regulatory requirements or amending the law.”

According to CBS News’ coverage of his speech to the Federalist Society, Sessions said these documents have “blurred” the lines between true regulations and guidance. To clear it up, the DOJ should not create new standards beyond what is written in the original law, he said.

In the release, he promised to “proactively work to rescind existing guidance documents that go too far.”

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