The CFPB was given broad regulatory and enforcement power over not only the financial industry, but also other industries. It gets its money directly from the Federal Reserve, and the Fed has to give it up to 12% of the Fed's entire operating budget. So Congress and taxpayers have no say in how much it actually gets, only the upward cap.
Musk starts his first day at Twitter with moxie, Fifth Circuit Court of Appeals shoots down a powerful government agency’s funding arrangement, and the Pennsylvania gubernatorial race tightens as midterms inch closer. Get the facts first on Morning Wire.