After Republicans succeeded in weakening Dodd-Frank and Trump pushed to undermine the Consumer Financial Protection Bureau, an oversight agency created by his predecessor, California moved to bolster its own consumer banking protections.In 2020, with a push from Gov. Gavin Newsom, the Legislature passed AB 1864, which created the DFPI, with the goal to "improve accountability and transparency in the California financial system."
#investigation #republicans #transparency #gavin-newsom #accountability #coming-months #legislature #predecessor #legislators #santa-barbara
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