This is a news story, published by CNBC, that relates primarily to CFPB news.
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American financial companiesCNBC
•Business
Business & Economics
83% Informative
For years , American financial companies have fought the Consumer Financial Protection Bureau in the courts and media.
Now, with the CFPB on life support after the Trump administration issued a stop-work order and shuttered its headquarters, the agency finds itself with an unlikely ally.
Banks would find themselves competing directly with non-bank financial players, from big tech and fintech firms to mortgage, auto and payday lenders.
Now, there's growing consensus that an initial push to "delete" the CFPB is a mistake.
Besides increasing the threat posed from non-banks, current rules would still be on the books, but nobody would be around to update them as the industry evolves.
Small banks and credit unions would be even more disadvantaged than their larger peers, advocates say.
VR Score
86
Informative language
85
Neutral language
56
Article tone
semi-formal
Language
English
Language complexity
57
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
6
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