At a time when regulators are trying hard to remove items from the credit reports of individuals, a bill has been introduced in the House of Representatives that would allow payment information for utility bills, telecommunications, and public housing authorities to furnish information as a means of helping the 26 …
Read More »Bills Introduced to Block Funding for CFPB if Fed Loses Money
Companion legislation has been introduced in the House of Representatives and the Senate that would block the Federal Reserve Board from funding the Consumer Financial Protection Bureau if the Fed incurs a loss on its balance sheet, meaning it could only provide funding to the Bureau if itself is making …
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