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Senate Republicans propose ending automatic funding for the Consumer Financial Protection Bureau, sparking opposition.
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.
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.
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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Los republicanos del Senado proponen acabar con la financiación automática para la Oficina de Protección Financiera del Consumidor, lo que provocó oposición.