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Representative Blaine Luetkemeyer, a Republican from Missouri and Chairman of the House Financial Institutions and Consumer Credit Subcommittee, speaks during a House Financial Services Committee hearing. Photographer: Zach Gibson/Bloomberg

The chairman of a key House subcommittee on Wednesday warned federal financial regulators, including the NCUA and the CFPB, to stop treating guidance issued by agencies as rules that must be followed.

David Baumann

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