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CFPB's spending skyrockets nearly 50 percent

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Spending at the Consumer Financial Protection Bureau went up nearly 50 percent from 2012 to last year, according to the latest audited financial statement for the bureau's parent agency, the Federal Reserve. The balance sheet, published last week by the Fed's board of governors, may do little to quash concerns of critics and some in Congress that the agency needs tighter controls on its...

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