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With the CFPB’s future uncertain, New York and other states want to step in.
“‘What the New York State Administration is doing is they’re saying, ‘look, the CFPB is failing to supervise, they’re failing to look at these guys very closely’,’ said Ira Rheingold, executive director of the National Association of Consumer Advocates. ‘And there’s a role for states to do that.'”
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