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Wells Fargo Controversy Rekindles Debate

Monday, October 10, 2016
Kery Murakami | Register Herald
Michael Calhoun

Consumer advocates, including the Center for Responsible Lending, opposes giving Congress authority over the CFPB’s budget. The group’s president, Mike Calhoun, said in an interview that doing so would mean a company being investigated by the bureau could go to friends in Congress to prohibit funds from being used for the probe. Congress could scuttle the agency by simply refusing to appoint commissioners to oversee it.