The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) has seen significant changes since President Donald Trump fired former Director ...

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 likely to lead ...

CFPB ordered Navy Federal in November 2024 to pay $80 million to service members unfairly charged overdraft fees. CFPB terminated that mandate this month.

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 likely to lead to ...

But the most tense moments of the hearing still centered — once again — around the funding structure of the bureau. While the Supreme Court ruled that the CFPB's funding structure is constitutional, ...

Key Points ・The Senate parliamentarian has ruled that defunding the Consumer Financial Protection Bureau (CFPB) through budget reconciliation violates the Byrd Rule, meaning it will require 60 ...

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 ...

Republican provisions to slash funding for the Consumer Financial Protection Bureau and other financial watchdogs violate ...

The post Senate Banking would zero out CFPB funding in reconciliation appeared first on Roll Call. Sen. Tim Scott, R-S.C., walks to the Senate subway after a vote in the U.S. Capitol on Wednesday ...

In deference to this, Senate Republicans proposed lowering the amount the CFPB can draw from the Fed’s operating budget to 6.5%, about half of its current 12% level.

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 ...

Senate Banking ranking member Elizabeth Warren, D-Mass., said Thursday she would fight the CFPB provision, including by calling a point of order on the Senate floor. The Senate parliamentarian ...