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ARTICLE · 11 JULY 2025

Budget Bill Includes Huge Cuts To CFPB Budget

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The budget bill signed by President Trump on July 4 will make massive cuts to the CFPB's budget.

The huge bill changes the amount that the CFPB may receive from the Federal Reserve from a maximum of 12% of the Fed's inflation-adjusted total operating expenses in 2009 to a maximum of 6.5%. Senate Republicans, who proposed that provision, said it does not affect the bureau's ability to request funds from Congress or the ability of the bureau to function. They added that it will save $2 billion.

The provision decreases the CFPB's funding cap by 46%, according to the Republicans.

Banking Committee Republicans originally proposed eliminating all CFPB funding by decreasing its funding cap to 0%. However, the Senate Parliamentarian ruled that provision could not be offered in the budget bill.

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