The Consumer Financial Protection Bureau is moving ahead with new rules aimed at protecting consumers as a response to the incoming Trump administration's likely overhaul of the agency.
CFPB director Rohit Chopra is considering finalizing a ban on medical debt in credit reports and imposing restrictions on data brokers, signaling ongoing regulatory efforts despite the political transition.
The CFPB's decision to continue rulemaking contradicts the stance of congressional Republicans and emphasizes its independence, with ongoing efforts to address issues such as overdraft fees and paycheck advances.
Despite uncertainty around the agency's direction with the incoming administration, the CFPB is pushing to advance consumer protections, highlighting its commitment to tackling potential abuses in the consumer finance landscape.
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