Add Yahoo as a preferred source to see more of our stories on Google. U.S. Office of Management and Budget Director Russell Vought attends an event in the Roosevelt Room at the White House on February ...

The Department of Justice told a court that the Consumer Financial Protection Bureau cannot legally request funding from the Federal Reserve System because the central bank technically has no profits.

In a case deciding the fate of the Consumer Financial Protection Bureau (CFPB), National Treasury Employees Union, et al. v. Russell Vought, the US District Court for the District of Columbia declared ...

Key insight: The Trump administration would violate an existing court order if it allows the CFPB to run out of funding by declining to request money from the Federal Reserve. Processing Content ...