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Written by The Lever on 2024-11-27 at 21:20

Wondering why Marc Andreessen (@pmarca) and Silicon Valley bros are attacking the @cfpb? Take a look at this enforcement action about "deceiving consumers about the benefits of repeat borrowing."

Pass it on.

https://www.consumerfinance.gov/about-us/newsroom/cfpb-shutters-lending-by-vc-backed-fintech-for-violating-agency-order/

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