President Donald Trump on July 4, 2025, signed into law the One Big Beautiful Bill Act (OBBB), sweeping legislation that has direct impacts on the future of the CFPB. The final bill reduces the CFPB's operating budget from 12...more
Senate Parliamentarian Elizabeth MacDonough ruled that the Trump Administration and congressional Republicans cannot use the pending budget reconciliation bill to eliminate funding to the CFPB in a June 23, 2025,...more
6/25/2025
/ Budget Cuts ,
Budget Reconciliation ,
Consumer Financial Protection Bureau (CFPB) ,
Federal Budget ,
Financial Regulatory Reform ,
Government Agencies ,
Proposed Legislation ,
Regulatory Reform ,
Rulemaking Process ,
Senate Banking Committee ,
Trump Administration
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 approved by the House Committee...more
The U.S. House Committee on Financial Services on April 30, 2025, voted to approve Republican-backed budget legislation that would eliminate almost all funding to the CFPB.
In a 30-22 vote along party lines, the draft...more