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

Republicans have long targeted the Consumer Financial Protection Bureau for elimination. It survives, for now, but has ...

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

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

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 ...

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

NEW YORK (AP) — Senate Republicans have moved to cut the funding of the Consumer Financial Protection Bureau by roughly half, as part of President Trump’s “Big Beautiful Bill,” which is ...

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 ...

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 huge FY26 budget reconciliation bill, H.R. 1, dubbed the “One Big Beautiful Bill Act,” contains provisions that would slash CFPB spending.

But in the latest version of the bill to come out of the Senate Banking Committee, the CFPB’s funding would be cut from 12% of the Federal Reserve’s profits to 6.5% of the central bank’s ...