Washington, July 17 (IANS) The Trump administration defended its drive to scale back federal oversight of the US financial sector on Thursday, arguing that lighter regulation would expand access to credit and lower costs for consumers, while Democrats accused the White House of weakening protections against financial misconduct during a combative Senate hearing.Appearing before the Senate Banking Committee to present the Consumer Financial Protection Bureau’s (CFPB) semi-annual report to Congres…
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