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Four Big Myths Surrounding the CFPB

Myth: CFPB has unparalleled budget authority.
Fact: While the agency can claim up to 10% of the Fed's budget for funding — a hefty sum — it's hardly an unlimited amount. The agency has a budget of $142.8 million for this fiscal year, and has requested $329 million for fiscal year 2012. (Pictured: Fed Chairman Ben Bernanke)



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