Regulatory Oversight, Financial Regulatory Reform, Federal Budget

PCAOB May Survive Just Yet…

Cooley LLP on 6/30/2025

Last month, I blogged that the PCAOB may be absorbed by the SEC under the budget reconciliation bill that is making its way towards the finish line. In that blog, I indicated that the only thing that might stop the merger of...more

Senate Parliamentarian says elimination of CFPB funding cannot be included in budget bill but delay of Section 1071 rule passes...

Ballard Spahr LLP on 6/23/2025

The Senate parliamentarian has ruled that a key Senate Banking, Housing and Urban Affairs (Banking Committee) provision that would eliminate all funding for the CFPB cannot be included in the massive budget reconciliation...more

Budget bill would cut CFPB funding

Ballard Spahr LLP on 5/23/2025

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

House Financial Services Committee finds savings by slashing CFPB budget

Ballard Spahr LLP on 5/6/2025

The House Financial Services Committee has approved its part of the massive budget bill, saving some $1 billion by, among other things, slashing the CFPB’s budget by more than 60%....more

[Webinar] Financial Services Regulation and Legislation in the Trump 47 Administration - March 6th, 10:00 am - 11:00 am CT

Baker Donelson on 3/5/2025

This session will provide insights for financial services entities regarding: (1) interpretation of the impact of the recent Executive Orders and early actions of the appointees; (2) status on key appointees and their Day 1...more

Congressional Financial Services Committee members pen letter to CFPB requesting explanation for a $0 funding request

Orrick, Herrington & Sutcliffe LLP on 2/14/2025

On February 11, the ranking members from both the House Committee on Financial Services and the House Subcommittee on Financial Institutions sent a letter to CFPB Acting Director Russell Vought expressing concerns regarding...more