H.R. 8908 aims to amend the Consumer Financial Protection Act of 2010 by significantly reducing the funding for the Consumer Financial Protection Bureau (CFPB) to just $1. This change would alter the current provision, which allows the Director of the CFPB to determine the necessary amount...
Simple Explanation
The bill wants to change the rules so that the Consumer Financial Protection Bureau, which helps keep our money safe, would only get $1 to do all its work, making it very hard for them to protect people from unfair money tricks.