The $21 Billion Watchdog America Is About to Lose: CFPB to Run Out of Money in January

Source: International Business Times

Federal judges have blocked efforts to dismantle the consumer bureau, but the funding fight continues. (PHOTO: Wikimedia Commons) America's leading consumer watchdog is nearing the end of its funding, and its own acting director appears determined to ensure that outcome. The Consumer Financial Protection Bureau (CFPB), an agency credited with returning more than $21 billion (£16 billion) directly to Americans harmed by banks and corporations, now faces possible extinction after moves by the Trump administration to cut off its funding entirely.