Title V of the One Big Beautiful Bill
The law caps funding on the Consumer Financial Protection Bureau
On May 22, 2025, the House passed H.R. 1, the One Big Beautiful Bill Act. Title V of H.R. 1 would reduce the cap on funding that the Consumer Financial Protection Bureau (CFPB) could request annually from the Federal Reserve and mandate that the CFPB transfer certain unobligated balances to the Treasury General Fund. Rather than being funded through regular appropriations, the CFPB funds its operations through monetary transfers from the Federal Reserve, as specified by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank, P.L. 111-203), most CFPB funding is distributed quarterly from the Federal Reserve according to…
