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Policy

WASHINGTON, DC – APRIL 21: Lina Khan, nominee for Commissioner of the Federal Trade Commission, speaks at a Senate Committee on Commerce, Science, and Transportation confirmation hearing in Washington, DC. (Photo by Saul Loeb-Pool/Getty Images)

FTC modernization, enforcement efforts jeopardized by cuts, officials say

Chair Lina Khan and Commissioner Rebecca Slaughter warn House lawmakers that appropriations cuts will harm modernization efforts and impact the workforce.
CFPB Director Rohit Chopra speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., on June 13, 2023. (Photo by Michael A. McCoy/Getty Images)

CFPB urged by consumer groups to take action on banks’ use of algorithms

Consumer Reports and the Consumer Federation of America ask the agency for “regulatory clarity” on how financial institutions use “discriminatory” tools to guide credit decisions.
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