Consumer Financial Protection Bureau Director Richard Cordray, shown last October at a panel discussion in Richmond, Va., called Tuesday's vote "a giant setback for every consumer in this country. Wall Street won and ordinary people lost."
Former Equifax CEO Richard Smith came under harsh questioning Wednesday at a hearing of the Senate Banking Committee, the second of three congressional hearings on Equifax being held this week.
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Shoppers look at appliances at a Sears store in Schaumburg, Ill. At nearly $13 trillion, consumer debt has topped the previous record set during the financial crisis.
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President Trump meets with Mexican President Enrique Peña Nieto at the Group of 20 summit in Hamburg, Germany, in July. Trump is pushing to renegotiate the North American Free Trade Agreement among their countries and Canada.