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Appeals Court Finds Consumer Bureau’s Funding Unconstitutional

Por: The New York Times Business October 21, 2022

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A federal appeals court ruled on Wednesday that the Consumer Financial Protection Bureau, a leading financial regulator, has been unconstitutionally funded since its creation more than a decade ago, in a decision that vacated a bureau rule on payday lending and cast doubt over a vast swath of its regulations.The consumer bureau is funded directly by the Federal Reserve, a structure that Congress created through the 2010 Dodd-Frank law to shield... + full article



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