Like his FY 2018 and FY 2019 budgets, President Trump’s FY 2020 budget would make the CFPB subject to the regular Congressional appropriations process.

Pursuant to Section 1017 of the Dodd-Frank Act, subject to the Act’s funding cap, the Fed is required to transfer to the CFPB on a quarterly basis “the amount determined by

Continuing to press their case that the CFPB is not sufficiently accountable to Congress, Republican members of the House Financial Services Committee made the CFPB’s spending habits the focus of criticism at the committee’s hearing this past Tuesday on “CFPB Budget Review.”  

The only witness was Stephen Agostini, the CFPB’s Chief Financial Officer.  In his

Tomorrow, June 18, the House Financial Services Committee will hold a hearing on “CFPB Budget Review.”  According to the memo to Committee members from Committee Majority Staff, the hearing “will examine the past and planned obligations and expenditures of the Consumer Financial Protection Bureau (CFPB) for fiscal years 2011-14, the purpose and propriety of such

The CFPB’s FY 2013-FY 2017 Strategic Plan, FY 2013 and FY 2014 Budget, and FY 2013 Annual Performance Plan and Report tracks the Bureau’s focus on supervision and enforcement.  (While Director Cordray’s letter accompanying the report states that the CFPB has combined the three documents into a single report rather than publishing them as separate