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CFPB Director Richard Cordray addressed a letter, which called on the bureau to exempt credit unions from rulemaking, in a report to Congress Wednesday.

During his semi-annual report to Congress, CFPB Director Richard Cordray said the CFPB continues to look at its authority under the Dodd-Frank Act to exempt credit unions from its rulemaking and cited instances where the bureau has used some exemptions for small financial institutions.

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