Eschewing a long-standing practice, Trump’s budget director is calling for a more partisan path to funding the government ahead of a Sept. 30 shutdown deadline.

JPMorgan might start charging Fintechs for financial data. This goes against the ethos of open banking, according to industry ...

Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts ...

A tax and spending package Trump signed July 4 nearly halves the watchdog’s annual funding. Resources may be stretched to ...

New law cuts Consumer Financial Protection Bureau’s funding cap by 46%, saving $2 billion, Republicans say. GOP argues the ...

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 ...

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 ...

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 ...

The parliamentarian said that moves to zero out the CFPB budget will require 60 votes and not a simple majority, complicating the path ahead.

In October 2022, the Fifth Circuit declared the CFPB’s funding mechanism unconstitutional in Community Financial Services Ass’n v. CFPB. The court heard a challenge from the plaintiffs seeking to ...

Other reconciliation provisions for Banking panel would pare spending at the Fed, Treasury, HUD and at the Securities and Exchange Commission.