House Appropriations Caps CFPB Budget at $200 Million
July 1, 2011
The House Appropriations Committee, in a politically charged move, has approved a $19.9 billion spending bill that will affect regulators and the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Among the visible implications of the budget package, which is almost $2 billion (9 percent) below last year’s funding level and almost $6 billion below President Obama’s FY2012 request – is a double move on the controversial Consumer Financial Protection Bureau…