Senate Republicans move to slash CFPB funding by half, risking hundreds of job cuts The Consumer Financial Protection Bureau was created to police potential bad actors in the financial services ...

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 ...

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 ...

The Senate Republicans’ move comes after their original proposal to cut the CFPB’s budget to zero was ruled in violation of Senate rules by the Senate Parliamentarian.

Senate Republicans have proposed cutting the Consumer Financial Protection Bureau’s (CFPB) funding by nearly half. The move is part of President Trump’s “Big Beautiful Bill” and could lead ...

Senate Banking, Housing and Urban Affairs (Banking Committee) Republicans have received the Senate Parliamentarian’s approval to cut the CFPB’s funding. As a result, in the large budget ...

Given the CFPB’s recent lack of action, enforcement experts don’t believe a proposed 50% budget cut will have much of an impact.

On June 19, the U.S. Senate Committee on the Budget issued an update on the Senate Parliamentarian’s ruling that the provision in HR 1, the “One Big ...