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

CFPB RIP” was Elon Musk’s tweet on Feb. 7, when the billionaire was slashing his way through federal agencies at the behest of his then-ally, President Donald Trump.Rohit Chopra, former director of ...

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.

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

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 ...

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 ...

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 ...

Funding Cuts at CFPB Seen Leading to ‘Regulatory Vacuum’ for Big Banks. Turmoil at the agency could harm not only consumers but also small state-chartered banks, ...

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

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 ...