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Bloomberg News
"The CFPB's oversight of banks and nonbanks alike is exposing risky practices and getting results for consumers," said CFPB Director Richard Cordray

CFPB Report Finds 'Systemic' Problems at Nonbanks

The agency's "Supervisory Highlights" report focused on a slew of issues and federal violations that the agency found while examining payday lenders, debt collectors and consumer reporting agencies that resulted in $70 million in remediation payments to consumers.

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