Duffy-sponsored bill to revamp consumer agency passes U.S. House | Superior Telegram

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Duffy-sponsored bill to revamp consumer agency passes U.S. House

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By Emily Stephenson

WASHINGTON (Reuters) - The Republican-led U.S. House of Representatives passed a bill on Thursday to overhaul the U.S. consumer financial watchdog, although the politically charged legislation stands little chance of becoming law.

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The Consumer Financial Protection Bureau, or CFPB, was created as part of the 2010 Dodd-Frank law to help protect Americans from financial scams.

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