California Moving Forward With State-Level CFPB

California legislators are pushing for the formation of a new watchdog agency to protect consumers from bad loans by “predatory lenders.”  California Assembly member Monique Limón told National Public Radio (NPR) that since the COVID outbreak, consumer complaints about financial wrongdoing in her state are up 40 percent.   A number of those complaints, she said, are directed at mortgage companies, as well as personal lenders, …

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