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CFPB Chaos Envelops Open Banking Rule

Also, GOP lawmakers pressure Atkins on delisting Chinese stocks; House Financial Services Democrats plan crypto hearing protest

May 05, 2025
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It seems the CFPB has been open for at least some business. But the question is, who’s in charge?

Over the course of the last two months, Mark Calabria, a top OMB official well-known to the financial industry, has been acting as the leader of the bureau’s regulatory work, sources say. His office has been a hub of meetings with banks and fintech companies…

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