Politico Highlights Uncertainties Facing the CFPB

The November 4 version of Politico’s “Morning Money” highlights uncertainties facing the Consumer Financial Protection Bureau (CFPB). Firstly, the full D.C. Court of Appeals is currently deliberating whether they will intervene in the Trump Administration’s lay-off of 90% of the employees at the Bureau. Secondly, CFPB funding is set to run out in the coming weeks, according to federal spending records, with Russel Vought, the Director of the OMB, currently declining to seek new funding. If the CFPB’s funding were to dry up, it could affect deregulatory strategies prioritized by the White House and the financial industry. 

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