Bill holding CFPB restrictions faces possible veto

President Obama’s senior aides recommended he veto a House Financial Services appropriations bill that contains myriad of legislative riders – including restrictions on the CFPB.

Those provisions, which include subjecting the agency to the annual appropriations process, are supported by credit union trade associations.

Despite that support, the legislative riders are unlikely to be enacted this year. The Senate Financial Services appropriations measure does not include them, and when House appropriators have proposed them in the past, they have been dropped from the final legislation.

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