Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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CFPB funding in jeopardy following DOJ decision 

Bureau relies on Federal Reserve earnings to operate 

Amanda Harris

The Consumer Financial Protection Bureau may run out of funds to operate in early 2026 after the Department of Justice’s Office of Legal Counsel determined the agency cannot request funds from the Federal Reserve. The CFPB under the 2010 Dodd-Frank Act is authorized to use funding from the “combined earnings of the Federal Reserve System.” However, the Fed has […]

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