But in the latest version of the bill to come out of the Senate Banking Committee, the CFPB’s funding would be cut from 12% of the Federal Reserve’s profits to 6.5% of the central bank’s profits. The ...

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.

The Federal Reserve's inspector general is reviewing the Trump administration's massive cuts to the Consumer Financial Protection Bureau, according to a media report.

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 Donald Trump’s “Big Beautiful Bill,” which is likely ...

Senate rules-keeper blocks GOP plan to gut CFPB, cut Fed staff pay - report Jun. 20, 2025 10:54 AM ETBy: Max Gottlich, SA News Editor 8 Comments Play (1min) Douglas Rissing ...

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.