Opinion: CFPB puts financial institutions at risk

10/8/2012 | USA Today

While some of the goals of the Consumer Financial Protection Bureau are "laudable," the "problem lies in the execution," writes Rep. Blaine Luetkemeyer, R-Mo. For example, the CFPB rule on international money transfers is "out of sync" with the way money is transferred by banks and may cause institutions to quit offering the service and affect business growth, he writes.

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