Thank you for the correction. I meant that congress didn't have to approve how funds were used by CFPB since they were funded by another source.

Edit to add: the Federal Reserve is a private organization and not a government organization. I believe that means that congress has outsourced its government oversight.

Edit 2: I am not explaining myself well today. I guess my mental connection when I made the title was that since the Federal Reserve operates opaquely, is not subject to congressional oversight and is not allowed to be audited by law, that means that the CFPB is likely also being operated opaquely and not subject to congressional oversight, too.

Thank you for the correction. I meant that congress didn't have to approve how funds were used by CFPB since they were funded by another source.

Edit to add: the Federal Reserve is a private organization and not a government organization. I believe that means that congress has outsourced its government oversight.

Thank you for the correction. I meant that congress didn't have to approve how funds were used by CFPB since they were funded by another source.