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Financial District
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- 1Court Rejects Justice Department Reading of CFPB Funding Law●Third District Court Rejects OLC’s Interpretation of CFPB Funding Statute
A Third District Court has rejected the Office of Legal Counsel's interpretation of the statute governing how the Consumer Financial Protection Bureau is funded. The ruling challenges the federal government's long-standing reading of the CFPB's self-funding mechanism, a provision central to the agency's structure and independence. The decision is expected to fuel ongoing litigation over the bureau's financing.