House Financial Services Republicans Oppose Subjecting Bank Regulators to Congressional Appropriations Process--Except CFPB

by Jeff Sovern

Yesterday, Democrats on the House Financial Services Committee suggested that in response to the Republican proposal to subject the CFPB to the congressional appropriations process, other bank regulators, including the Fed and the Office of the Comptroller of the Currency, be subjected to that process (all three are currently funded independently).  House Republicans defeated the proposal for the Fed and the OCC while advancing the proposal to subject the CFPB to that process.  The Hill's On the Money Blog has more.  It is difficult to see why sauce for the goose is not also sauce for the gander.  As The Hill wrote:

Democrats contend that moving control of the bureau’s budget to Congress was less about oversight and more about GOP attempts to stifle it.

"This is the most blatant attempt to really defang and destroy the agency," Maloney said.

Comments

[tuition agency]

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[Merchant Account]

CFPB's tool for estimating and comparing tuition costs is very helpful, but when I did a cost comparison for three schools, it became immediately clear that far more important is being able to get some kind of a financial aid. So in my comparison, the sticker price for MIT ($55,270) was much higher than the one for the average four-year private non-profit university ($42,224). However, when you subtracted the average grants and scholarships, the average private school overtook MIT by a wide margin ($26,694 vs. $18,644). For more: http://blog.unibulmerchantservices.com/does-calculating-your-debt-help-reduce-it.