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Bench Memos

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Re: The CFPB’s Staggering Claim



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As if we needed one more example of how the CFPB operates free from normal government oversight, the National Law Journal’s report on a new CFPB settlement included an interesting tangent:  

The CFPB is not closed during the government shutdown because it’s funded by the Federal Reserve and is not subject to the appropriations process.

Welcome to the era of untouchable administrative agencies.



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