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Misguided data freeze keeps CFPB from doing its job: Elizabeth Warren

Misguided data freeze keeps CFPB from doing its job: Elizabeth Warren

(By Elizabeth Warren) Every one of these actions is powered by consumer data. For example, CFPB bank examiners and enforcement lawyers can’t detect a mortgage scam or catch a dishonest student lender without information about consumer accounts. Likewise, if a consumer submits a complaint about an improper fee that shows up on their bank statement, the CFPB can’t help unless it knows the consumer’s name and account number.

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