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 …
Read More »Bill Introduced in Senate to Subject CFPB to Congressional Appropriations Process
Another bill has been introduced in the Senate that would require the Consumer Financial Protection Bureau’s budget to be approved by Congress as a means of instituting checks and balances against what the sponsor of the bills calls a “radical nominee” who is set to take over running the agency. …
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