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White House Threatens to Veto Bill That Cuts CFPB Funding

The bill calls for the establishment of advisory boards or councils within the CFPB of 15 to 20 members each for small businesses, credit unions, and community banks. The stated purpose of each advisory board or council is to "advise and consult" with the CFPB on issues that impact their respective groups.

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Obama Commends Financial Regulators For Reform Efforts

President Barack Obama "commended" financial regulators for progress made since the Dodd-Frank Act became law in 2010 at a meeting on Monday between the president, top financial regulators, and top White House officials in the Roosevelt Room, the White House announced.

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