Illinois among 22 attorneys general suing to keep consumer bureau funded – Center Square
The lawsuit challenges CFPB Acting Director Russel Vought’s refusal to request necessary funding from the Federal Reserve. The bureau’s action was based on a U.S. Department of Justice analysis that said money is taken from the Federal Reserve’s profits, which currently don’t exist. The suit argues Vought’s decision is contrary to congressional mandates and violates the Administrative Procedure Act and the U.S. Constitution.
About 100 current and former political figures had campaign funds on hand in the middle of 1998, when a state campaign finance law changed. Former Ald. Ed Burke stands to benefit the most, with more than $2.4 million he is allowed to pocket.