$3.9T Budget Is Mixed Bag For Consumer Protection Agencies

Law360, New York (March 4, 2014, 4:22 PM EST) -- President Barack Obama’s $3.9 trillion budget for 2015 is a mixed bag for consumer protection interests, with funding increases for the Consumer Financial Protection Bureau and Federal Communications Commission but a decrease for the Federal Trade Commission, and includes a plan to ease student loan burdens.

Along with gaining muscle mass since its inception in 2010, the CFPB has gained funding. The bureau’s operations are funded primarily through transfers from the Board of Governors of the Federal Reserve System. In 2014, transfers to the bureau were...
To view the full article, register now.