New law cuts Consumer Financial Protection Bureau’s funding cap by 46%, saving $2 billion, Republicans say. GOP argues the ...

On July 4, the “One Big Beautiful Bill Act,” was signed into law, which includes a provision to reduce the cap on the CFPB’s ...

Supreme Court rulings and provisions in the recently passed budget bill are bolstering the legality of the administration's ...

Given the CFPB’s recent lack of action, enforcement experts don’t believe a proposed 50% budget cut will have much of an impact.

Complaints to the Consumer Financial Protection Bureau have skyrocketed in the first half of 2025, due in part to an increase ...

The One Big Beautiful Bill Act (OBBBA) is facing criticism for its $3.3 trillion debt impact and potential harm to consumer ...

Senate ‘referee’ says CFPB funding can’t be cut through budget reconciliation A proposal to zero out the CFPB budget will require 60 votes and not a simple majority, complicating the path ...

The new plan would cap the CFPB’s access to funding at 6.5% of the Federal Reserve operating budget, decreased from its current limit of 12%. Senate Banking Committee Chairman Tim Scott, R-SC ...

The U.S. House of Representatives has passed an extensive budget reconciliation bill that would reduce the CFPB budget by 70 percent. In a 215-214 vote along party lines, the budget cut first ...

The CFPB is funded through the Federal Reserve, not the Congressional appropriations process. But in the latest version of the bill to come out of the Senate Banking Committee, the CFPB’s funding ...

Sen. Mike Rounds (R-S.D.) stated on June 23, 2025, that though changes to the provisions of the bill concerning budget cuts to the CFPB have "not been confirmed yet," as they do not have a final ...