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ABA president: CFPB authority should be limited

ABA President and CEO Frank Keating recently appeared on Fox Business and gave an interview supporting the limitation of the Consumer Financial Protection Bureau's authority.

He commented about the lack of checks and balances for the new agency and how much power is placed in the hands of its single director. He also mentioned how it could only add to the already overbearing regulatory burden faced by banks.

You can watch the entire interview by clicking here.

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