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The Fed is in the red: Should it still pay CFPB’s bills?

Por: The Hill Business November 01, 2022

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The Fifth Circuit Court of Appeals  that the Dodd-Frank Act’s requirement that the Federal Reserve pays the expenses of the Consumer Financial Protection Bureau is unconstitutional. This important ruling adds to another problematic aspect of the CFPB’s funding scheme — the Federal Reserve no longer has enough earnings to cover the $692 million in checks the CFBP writes each year. The CFPB’s 2022 “” states that “The CFPB’s... + full article



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