'The financial services industry's relentless attacks on the CFPB proves its work protecting consumers is more vital than ever.' accountable_us revolvingdoorDC
"The financial services industry's relentless attacks on the CFPB proves its work protecting consumers is more vital than ever," said one advocate.The federal judge who ruled this week that the Consumer Financial Protection Bureau's funding structure is unconstitutional was a longtime recipient of campaign cash from Wall Street bankers—including several whose banks were held accountable by the bureau for abusive practices—a government watchdog revealed Wednesday.
of campaign contributions received by Judge Cory Wilson of the 5th U.S. Circuit Court of Appeals between 2014 and 2018, when he was a Republican candidate and member of the Mississippi House of Representatives.The analysis was released a day after Wilsona ruling in a case filed by payday lending groups against the CFPB. The judge claimed in his decision that it is unconstitutional for the CFPB to be funded by the Federal Reserve System rather than by Congress, drawing condemnation from Sen.
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