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News
June 13, 2016

CFPB Spends Big on Advertising Campaign

Amid scrutiny by the business community and the courts, the Consumer Financial Protection Bureau (CFPB) has spent $15.3 million in 2016 on an online advertising campaign, reports the Wall Street Journal

“With the campaign, the CFPB is devoting a larger portion of its budget to advertising than nearly every other federal agency, a review of government records shows,” notes the Journal. “Much of the spending flows through one contract, the tenth-largest advertising contract awarded by any government agency out of more than 2,000 advertising contracts so far in the fiscal year ending Sept. 30.”

Almost the entire amount of the ad campaign is “going to the advertising firm used by the presidential campaigns of Barack Obama and Hillary Clinton.”

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