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Revolving door at regulator CFPB enables former bureaucrats to cash in at taxpayers' expense

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Peter Carroll helped shape the mortgage regulations at the Consumer Financial Protection Bureau until this spring. Now, Carroll is senior vice president of capital markets at Wells Fargo Home Mortgages, the largest private mortgage lender in the country. Carroll’s colleague, Lisa Applegate, was the “Mortgage Implementation Lead,” at CFPB, and now she’s “strategic quality manager within Wells'...

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