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Report: CFPB stifles 150,000 jobs after controversial ‘recess’ appointment

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President Obama’s Consumer Financial Protection Board, led by a ‘recess appointee’ installed when the Senate was actually in session, has blocked 150,000 jobs and made it difficult for lower-income Americans to access credit, according to a new House report. “In exercising its vast regulatory powers, the Bureau has not implemented adequate measures to fully assess and address the impact of its...

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