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Deyanira Del Rio, Board Chair of the $33 million Lower East Side People’s Federal Credit Union of New York City told the House Financial Services Subcommittee on Oversight and Investigations Thursday that her credit union has not been harmed in any way by Dodd-Frank. In fact, lending and profits have increased, she said. 

The hearing was packed with witnesses friendly to conservatives, who oppose the CFPB and Dodd-Frank legislation. As a result, all witnesses except Del Rio testified how the bill’s increased regulations have caused burdens for their organizations.

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