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flag Senate Republicans propose ending automatic funding for the Consumer Financial Protection Bureau, sparking opposition.

flag Senate Republicans propose cutting the Consumer Financial Protection Bureau's (CFPB) automatic funding, a move seen as weakening the agency's ability to protect consumers. flag The CFPB currently receives up to 12% of the Federal Reserve's profits, but the new plan would reduce this to zero, potentially depriving the agency of crucial funds. flag This proposal, part of broader GOP efforts to reshape regulatory agencies, has sparked opposition from Democrats and consumer advocates who argue it would undermine the CFPB's independence and effectiveness.

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