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July 21, 2017

GOP Lawmakers Introduce Measures to Repeal CFPB Rule

GOP Lawmakers Introduce Measures to Repeal CFPB Rule

More than a dozen Republican senators, including most GOP members of the Senate Banking Committee, introduced a resolution Thursday morning to repeal the CFPB rule under the Congressional Review Act (CRA), writes the Hill.

GOP lawmakers on the House Financial Services Committee also announced their own identical resolution on the matter. The House resolution is expected to be voted on next Tuesday.

Senate Banking Committee Chairman Mike Crapo (R-Idaho) said it was essential for Congress to repeal the rule, which he called another example of the CFPB’s “lack of accountability.”

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