Obama threatens to veto bill over funding for Consumer Financial Protection Bureau

April 21, 2015 6:03 PM

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WASHINGTON, April 21 (Reuters) - U.S. President Barack Obama would veto the Bureau of Consumer Financial Protection Advisory Boards Act if the final legislation by Congress cuts the level of funding that the director of the consumer bureau could request.

The House of Representatives passed a special amendment to the bill, which is intended to create advisory groups for community banks, credit unions and small businesses, last week to "reduce the cap on the total amount of funding that could be requested by the director" for fiscal years 2020 and 202...

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