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Third District Court Rejects OLC’s Interpretation of CFPB Funding Statute
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Consumer Finance Monitor
Consumer Finance MonitorThird District Court Rejects OLC’s Interpretation of CFPB Funding Statute
Judge Aiken Holds That “Combined Earnings” Means Federal Reserve Revenue, Not Profit In a September 25, 2026, decision, Judge Ann Aiken of the U.S. District Court for the District of Oregon became the third federal district judge to reject the Office of Legal Counsel’s interpretation of the statutory mechanism Congress established to fund the Consumer...
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