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 ...

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 ...

CFPB ordered Navy Federal in November 2024 to pay $80 million to service members unfairly charged overdraft fees. CFPB terminated that mandate this month.

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.

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

Key Points ・The Senate parliamentarian has ruled that defunding the Consumer Financial Protection Bureau (CFPB) through budget reconciliation violates the Byrd Rule, meaning it will require 60 ...

One week after the Senate parliamentarian struck down efforts to zero out CFPB funding, lawmakers released a scaled-back proposal.

Senate parliamentarian deals blow to GOP plan to gut consumer bureau in tax bill Beginning of dialog window. Escape will cancel and close the window.

Senate parliamentarian deals blow to GOP plan to gut consumer bureau in tax bill It signals a tough road ahead as GOP leaders push it toward floor vote next week by Trump’s Fourth of July deadline.

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 ...