GOP seeks to subject CFPB to appropriations process following ruling
House Republicans say they have a solution to the conundrum caused Wednesday by the U.S. Court of Appeals for the Fifth Circuit when it found that the CFPB was unconstitutionally funded.
In fact, the GOP members say they’ve already introduced a legislative fix.
A three-judge panel of the court ruled Wednesday that the CFPB is unconstitutionally funded because it simply draws money from the Federal Reserve rather than going through the appropriations process.
A key House Republican agreed.
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