US Senate referee rules against cuts to CFPB, financial regulators in tax and spending bill

  Republican provisions to slash funding for the Consumer Financial Protection Bureau and other financial watchdogs violate budgetary rules, the U.S. Senate’s nonpartisan referee said on Friday, jeopardizing their inclusion in a sweeping tax-cut and spending bill pushed by President Donald Trump. Republican provisions to slash funding for the Consumer Financial Protection Bureau and other financial watchdogs violate budgetary rules, the U.S. Senate’s nonpartisan referee said on Friday, jeopardizing their inclusion in a sweeping tax-cut and spending bill pushed by President Donald Trump.