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DOJ: CFPB cannot request new funding from the Fed

DOJ: CFPB cannot request new funding from the Fed

Update: 2025-11-11
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The Department of Justice told a court that the Consumer Financial Protection Bureau cannot legally request funding from the Federal Reserve System, arguing that the Fed has not turned a profit since 2022 and thus cannot fund the CFPB.
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DOJ: CFPB cannot request new funding from the Fed

DOJ: CFPB cannot request new funding from the Fed

Kate Berry