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Federal Budget Dodd-Frank Wall Street Reform and Consumer Protection Act Consumer Financial Protection Bureau (CFPB)

Ballard Spahr LLP

Budget bill includes huge cuts to CFPB budget

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The budget bill signed by President Trump on July 4 will make massive cuts to the CFPB’s budget. The huge bill changes the amount that the CFPB may receive from the Federal Reserve from a maximum of 12% of the Fed’s...more

Ballard Spahr LLP

Senate Republicans get Parliamentarian’s approval to slash CFPB funding in massive budget bill

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Senate Banking, Housing and Urban Affairs (Banking Committee) Republicans have received the Senate Parliamentarian’s approval to cut the CFPB’s funding. As a result, in the large budget reconciliation bill now being written...more

Ballard Spahr LLP

Senate Parliamentarian says elimination of CFPB funding cannot be included in budget bill but delay of Section 1071 rule passes...

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The Senate parliamentarian has ruled that a key Senate Banking, Housing and Urban Affairs (Banking Committee) provision that would eliminate all funding for the CFPB cannot be included in the massive budget reconciliation...more

McGlinchey Stafford

CFPB Under Trump: Internal and External Threats Continue to Mount

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A new acting director. Freezes on any rulemaking, enforcement, or supervisory activities. Attempts to dismantle the department from within. In the span of a short forty-eight hours, the CFPB has faced possibly the greatest...more

Ballard Spahr LLP

President Trump’s FY 2020 budget continues attempt to subject CFPB to appropriations process

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Like his FY 2018 and FY 2019 budgets, President Trump’s FY 2020 budget would make the CFPB subject to the regular Congressional appropriations process....more

Clark Hill PLC

Window On Washington - Vol. 2, Issue 17

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Outlook for This Week in the Nation's Capital - Recess Week. The House and Senate are in recess this week and will be back on May 7....more

Clark Hill PLC

Window On Washington - Vol. 2, Issue 12

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Outlook for This Week in the Nation's Capital - Spring Break. Congress is on recess for the next two weeks while observing the Easter and Passover holidays. Both Chambers will return the week of April 9....more

Ballard Spahr LLP

Trump’s FY 2018 Budget Subjects CFPB to Congressional Appropriations Process

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Tuesday, President Trump released an outline of his FY 2018 Budget entitled “A New Foundation for American Greatness”. There is good news and bad news for the CFPB, although most of it is bad news. The good news for the...more

Ballard Spahr LLP

CFPB issues report to congressional appropriations committee

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Last week, the CFPB issued a report entitled “Report of the Consumer Financial Protection Bureau Pursuant to Section 1017(e)(4) of the Dodd-Frank Act.” That Dodd-Frank section requires the CFPB’s Director to submit an annual...more

Mintz - Public Finance Viewpoints

Financial Services Legislative and Regulatory Update -- December 23, 2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; and Upcoming Hearings. Excerpt from Leading the Past Week - For the first time in a couple of years, the Christmas plans of...more

Mintz - Public Finance Viewpoints

Financial Services Legislative and Regulatory Update -- April 15, 2013

In This Issue: Leading the Past Week; Budget Summary; Legislative Branch; Executive Branch; and Upcoming Hearings. Excerpt from Leading the Past Week - Congress returned from a two-week recess and the...more

Mintz - Public Finance Viewpoints

Financial Services Legislative And Regulatory Update -- March 25‚ 2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; and Upcoming Hearings. Excerpt from Leading the Past Week - Members rushed out of town at the end of last week for a two-week...more

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