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The CFPB, a target of GOP attacks, is the companys main regulator.
Agencies decide at a private FSOC meeting to begin revising the rule.
Fed said ready to compromise on so-called output floor, in push for a deal on capital rules.
OCC opens its doors to nontraditional financial companies willing to meet some rules.
FDIC chairman's suggestion follows President Trump's talk about reviving Glass-Steagall.
Rules created by guidance 'can be easily erased,' Calabria says.