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Fed to repeal regulations reissued by CFPB, amend ID theft Red Flags Rule
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Banking, Consumer Protection
Friday, February 21, 2014
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The Federal Reserve Board wants the public’s feedback on the agency’s plan to repeal its Regulation DD (Truth in Savings) and Regulation P (Privacy of Consumer Financial Information) now that the Consumer Financial Protection Bureau (CFPB) has issued its own versions of those regulations. The Fed also proposed amendments to the identity theft Red Flags Rule in Regulation V (Fair Credit Reporting).
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