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

AZ, led lawmakers accusing the bureau of “lip service” over its refocus toward “threats” to service members and veterans, in its “abrupt” reversal on a $95 million penalty against the credit union.

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

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 ‘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 ...

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 ...

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 ...

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 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 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 to ...

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 ...