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Tuesday, July 30, 2013

Senate Appropriations Committee Requests CFPB Briefing

The Senate Appropriations Committee recently approved the FY 2014 financial services appropriations bill with language that directs the CFPB “to provide an informal, non-public full briefing, at least annually, before the relevant Appropriations subcommittee on the Bureau’s finances and expenditures.” The language only serves as guidance to the Bureau, and does not have the legal force of a statutory amendment.

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