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IPFS News Link • Government Waste

New financial watchdog vows to protect consumers


"I can't be distracted by that. I've got a big job to do and I need to be 100 percent focused on what we can do to protect American consumers," Richard Cordray told Reuters.

He said his first order of business would be to expand enforcement of non-bank financial institutions, such as payday lenders, which the Consumer Financial Protection Bureau has not been able to address without a chief.

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