The Consumer Financial Protection Bureau (CFPB) stands a chance of losing two of the key elements that allow it to operate with the freedom it currently does: its single-director structure, which can only be challenged by the President, and its ability to establish its own budget in order to get funding from the Federal Reserve as needed. If the budget passes the CFPB would then be subject to the same appropriations process as other financial institutions, subjecting it to partisan politics and depriving the CFPB of much of its operational flexibility.

Original article can be found here.

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