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Exclusive report: The “financial motive” behind SCOTUS situation geared towards killing customer bureau

Exclusive report: The “financial motive” behind SCOTUS situation geared towards killing customer bureau

Many amicus briefs urging Supreme Court to gut CFPB had been driven by clear motive that is”financial” watchdog says

The the greater part of amicus briefs filed to get case trying to gut the customer Financial Protection Bureau (CFPB) arrived from events by having an “axe to grind” resistant to the agency, relating to a report because of the federal government watchdog team Allied Progress which was supplied solely to Salon.

The CFPB, that has gathered significantly more than $12 texas title loans billion for customers from businesses accused of wrongdoing that it was unconstitutional for the CFPB to have an independent director who can only be removed “for cause” by the president, according to CNBC after it was created in the wake of the 2008 financial crisis, could be dissolved entirely after Seila Law, a law firm that ran afoul of the agency, argued.