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US CFPB funding would be restored under House amendment

( July 2, 2025, 19:24 GMT | Official Statement) -- MLex Summary:  US House Democrat Maxine Waters introduced an amendment to Republicans' sprawling tax cut bill that passed the Senate which would strike its provision to nearly halve the US Consumer Financial Protection Bureau funding cap. "This dangerous legislation is slated to gut the Consumer Financial Protection Bureau (CFPB) and cut critical funding for housing," said Waters, the top Democrat on the House Financial Services Committee.  Democrats are in a 220-to-212 minority in the House....

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