DOJ Directs CFPB to Ask Congress for Money

Alan Kaplinsky, former longtime practice leader of Ballard Spahr's Consumer Financial Services Group, spoke with FinAI News about the Department of Justice's recent decision that the CFPB cannot request funds from the Federal Reserve.

"Even though the CFPB is technically ‘open for business,’ it is essentially already ‘shut down’ in the sense that it is not doing any real supervision or enforcement work," Alan said.

Read the full article here. (Subscription may be required.)