[to top of second column]
The 2012 payment to the Treasury was reduced by $387 million which went to fund the operations of the Consumer Financial Protection Bureau and the Office of Financial Research, two new agencies created by the 2010 Dodd-Frank Act which overhauled the government's financial regulations. Republicans opposed having these agencies receive their operating funds from the Federal Reserve rather than going through the normal appropriations process in Congress.
Copyright 2013 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
< Recent articles
Back to top
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Law & Courts |
Spiritual Life |
Health & Fitness |
Calendar | Letters to the Editor