AZ, led lawmakers accusing the bureau of “lip service” over its refocus toward “threats” to service members and veterans, in ...

Sen. Gallego and 29 Senators seek explanation from CFPB on its reversal to include medical debt in credit reports.

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

Senate ‘referee’ says CFPB funding can’t be cut through budget reconciliation. A proposal to zero out the CFPB budget will require 60 votes and not a simple majority, complicating the path ...

The post Senate Banking would zero out CFPB funding in reconciliation appeared first on Roll Call. Sen. Tim Scott, R-S.C., walks to the Senate subway after a vote in the U.S. Capitol on Wednesday ...

Championed by Senator Elizabeth Warren (D-Mass.) as early as 2007, the CFPB was created as part of a sweeping overhaul of the U.S. financial system designed to prevent a repeat of the high-risk ...

The CFPB is funded through the Federal Reserve, not the Congressional appropriations process. But in the latest version of the bill to come out of the Senate Banking Committee, the CFPB’s funding ...

The new plan would cap the CFPB’s access to funding at 6.5% of the Federal Reserve operating budget, decreased from its current limit of 12%. Senate Banking Committee Chairman Tim Scott, R-SC ...

Under the proposed budget reconciliation bill, H.R. 1, the most recent Senate Committee mark-up would eliminate the ability for the CFPB to request funding from a portion of the Fed’s revenue.

Senate Banking ranking member Elizabeth Warren, D-Mass., said Thursday she would fight the CFPB provision, including by calling a point of order on the Senate floor. 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 ...