President Trump signed a so-called big beautiful bill on July 4 that nearly halves annual funding for the Consumer Financial ...

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 ...

In recent weeks, and following the recent Supreme Court decision in CFPB v. CFSAA, a new debate has arisen regarding the Consumer Financial Protection Bureau (“CFPB”) funding mechanism. The ...

Trump’s new tax law imposes steep cuts on the CFPB, threatening its capacity to enforce consumer protections and oversee financial institutions.

Republicans are nearing their biggest win ever in a years-long push to defang the Consumer Financial Protection Bureau.

In 2022, the amount that the CFPB could receive through this funding system was roughly $734 million, and the CFPB requested and received $641.5 million this fiscal year, the Biden administration ...

Shortly after the Supreme Court issued its 7-2 opinion in CFSA v.CFPB, holding that the funding mechanism for the CFPB created in the Dodd-Frank Act (a capped amount each year from the “combined ...

The CFPB receives funding from the Federal Reserve Board. The director of the CFPB requests the amount of money it deems reasonably necessary to carry out operations and is capped at 12% of the ...

The case, Community Financial Services Association of America v. CFPB, began in 2018 when two Texas trade groups sought to overturn the bureau's payday lending rule. The CFPB had the authority to ...

In fiscal year 2022, Chopra requested $641.5 million from the Fed to fund the CFPB's operations out of a potential $734 million in funding, according to the bureau's financial report, released last ...

Concluding that the CFPB's funding through the Federal Reserve is unconstitutional, as the Fifth Circuit did, requires reading into the text some amorphous, functional limit on how Congress ...

News Ruling Invalidating CFPB's Funding Could Derail Agency Amid Unprecedented Ramp-Up The decision "affects everything that has occurred to date and what happens going forward," said Joann ...