Democrats Fight GOP Effort to Cut Consumer Bureau Funding
Admin | July 18, 2011
The White House Office of Management and Budget said advisers would recommend that President Barack Obama veto a House bill that would cut the CFPB?s funding. Slashing the CFPB’s budget would compromise the bureau’s independence and severely undercut the agency’s statutory responsibility to oversee consumer financial products such as mortgages and credit cards, the administration [...]