by Jeff Sovern
From The Hill. Excerpt:
A spending bill released Wednesday by the House Appropriations Committee includes major restraints for financial regulatory agencies. * * *
Including the provisions in the spending bill, which is must-pass legislation, increases the odds they could become law.
The measure places the Federal Deposit Insurance Corporation, Consumer Financial Protection Bureau (CFPB), National Credit Union Association, Federal Housing Finance Agency, the Office of the Comptroller of the Currency and regulatory functions of the Federal Reserve under the congressional appropriations process.
For more on why this measure would make the CFPB accountable to lobbyists, see here.
