In the News Today - June 13, 2017

June 13, 2017

CFPB “Unaccountable to the American People” According to U.S. Treasury Department: Yesterday, the U.S. Treasury Department released a 215-page report that “slammed” the Consumer Financial Protection Bureau (CFPB) stating the CFPB’s “unaccountable structure and unduly board regulatory powers have led to regulatory abuses and excesses.” The report also laid out “sweeping reforms that hew closely to legal challenges brought by financial companies.” (The National Law Journal)