22 state attorneys general filed for summary judgment to force the CFPB to request its legally mandated funding. Acting Director Russell Vought stopped all investigations and tried to defund the agency created to protect consumers.
Quick Answer: The OCC’s financial reform implementation appears problematic rather than legitimate, as regulators are inserting exemptions and creating roadblocks to Dodd-Frank provisions they opposed. Wall Street lobbying and budget constraints are undermining key parts of the law that were intended to prevent another financial meltdown.by Jesse Eisinger and Jake Bernstein, ProPublicaEarly last year, as …
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