In testimony before the Senate Subcommittee on Financial Services and General Government, Federal Trade Commission Chair Joseph Simons defended the agency's budget request for FY 2019.
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The Office of the Comptroller of the Currency will not petition the Financial Stability Oversight Council to delay the effective date of the Consumer Financial Protection Bureau arbitration rule.
The Democratic staff of the House Financial Services Committee, citing Republican efforts to repeal the Consumer Financial Protection Bureau arbitration rule, criticized efforts to "functionally terminate" the agency.
House and Senate Republicans introduced resolutions to nullify the final arbitration rule adopted by the Consumer Financial Protection Bureau.