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Republican senators are broadly supportive of the House Financial Services Committee’s plan to defund the CFPB by as much as 60%.

Supreme Court backs CFPB in blow to industry, GOP

News: The Supreme Court sided with the Consumer Financial Protection Bureau in a constitutional challenge to the agency’s funding mechanism.

This is a titanic win for the Biden administration and CFPB allies like Sen. Elizabeth Warren (D-Mass.). It’s also a blow to congressional Republicans and their industry allies.

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