Elon & Trump - the Oval Office Presser
RealClearPolitics Podcast
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The Independence Dilemma of the CFPB
This chapter explores the unique structure and financial autonomy of the Consumer Financial Protection Bureau (CFPB), established under the Dodd-Frank law post-financial crisis. It discusses the implications of the bureau's direct funding from the Federal Reserve, raising concerns about governance and accountability due to the lack of Congressional oversight. The chapter also examines the impact of this independence on the financial industry and the potential for conflict between regulatory actions and political accountability.
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