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Showing posts with the label watchdog

Supreme Court hears challenge to consumer watchdog, Consumer Financial Protection Bureau

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The Consumer Financial Protection Bureau is on the line Tuesday at the Supreme Court. The government agency created after the 2008 financial crisis to protect Americans from predatory and deceptive Business es practices is on the line Tuesday at the Supreme Court. The justices is hearing an existential challenge to the Consumer Financial Protection Bureau, the independent watchdog and banking regulator, in a case that could impact anyone who has a mortgage, loan or credit card. A group of payday loan companies regulated by the CFPB allege that the way the agency is funded -- not by annual appropriations from Congress but by the Federal Reserve -- is unconstitutional. MORE: Supreme Court gives president more control over Consumer Financial Protection Bureau The Consumer Financial Protection Bureau headquarters in Washington, D.C., Dec. 23, 2020. Bloomberg via Getty Images, FILE They want the court to invalidate everything the CFPB has done since its inception because of the allegedly ...

Santos target of another watchdog complaint alleging misuse of campaign funds

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The complaint alleges Santos used his campaign funds to pay for expenses related to his business and private life, including rent and flights to Florida. Another watchdog group has filed a complaint against Rep. George Santos, alleging the embattled congressman misused his campaign finances, received excessive donations and failed to file disclosure reports on time. Accountable.US, a progressive watchdog group, filed the complaint Friday asking the Federal Election Commission to investigate. While Santos has been under the microscope for lying about parts of his background, the complaint adds to the growing legal questions about his campaign's finances. MORE: Santos drama puts House Republicans in political bind “Our complaint uncovers evidence that George Santos likely broke campaign finance laws by illegally using campaign funds on personal expenses and his business, and by accepting thousands in funds that exceed legal campaign limits,” Kyle Herrig, the president of Accountable....