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Meaning the impact could spread considerably outside of the agency’s payday lending rule. "The holding will call into concern a number of other laws that guard customers with respect to bank cards, financial institution accounts, mortgage loans, credit card debt assortment, credit score reports, and identification theft," tweeted Chris Peterson, a former enforcement attorney within the CFPB that is now a law professor in the College of Utah.
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To that point, the CFPB issued new advice to credit score-reporting agencies Thursday about omitting what it called "junk info" from credit rating stories.
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