CFPB could run out of money by fall, report says

cfpb

The Trump administration declawed the Consumer Financial Protection Bureau (CFPB) from the very beginning of his second term. It now appears the agency might be running out of money.  

A report from Bloomberg Law Tuesday claims the CFPB was down to $160 million in funding back in early July. These funds would cover the agency’s expenses and employee salaries and would have to last until Sept. 30. The agency reportedly spends $18 million every two weeks to pay employees and their benefits. 

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