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Sheppard Mullin Richter & Hampton LLP

CFPB Funding Cut Nearly 50% by “One Big Beautiful Bill Act”

Sheppard Mullin Richter & Hampton LLP on

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 annual funding. The bill lowers the cap from 12% to 6.5% of the Federal Reserve’s total operating...more

Orrick, Herrington & Sutcliffe LLP

Senators urge Senate Banking Committee to amend CFPB funding

Orrick, Herrington & Sutcliffe LLP on

On June 9, Sen. Elizabeth Warren (D-MA) and other Democratic senators sent a letter to Sen. Tim Scott, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, insisting the Committee to hold a markup on...more

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