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CFPB to review 'unnecessary' regulations

Raj Date, who operates the Consumer Financial Protection Bureau's day-to-day operations, told the House Financial Services' Financial Institutions Subcommittee that the Bureau will start reviewing federal regulations that may be "obsolete, unnecessary, redundant or counterproductive."

Date, who was testifying, on the CFPB's first 100 days of operation, said the review will begin later this month.

You can read Date's tesimony by clicking here.

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