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Letter to the Editor: CFPA's 'Zombie' Effect

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To the Editor:
The analogy between Gramm-Leach-Bliley Act state regulatory authority and the effect of disparate state consumer protection laws under a Consumer Financial Protection Agency is specious, one might even say unfair and deceptive ['Preemption Fight Suffers From History,' Oct. 19].

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Facebook's securities filings show its Facebook Credits digital currency business is exploding. Does it pose a serious threat to banks?
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