Congress Passes and President Signs Bill Slashing CFPB Budget
Congress Passes and President Signs Bill Slashing CFPB Budget Last week, Congress passed and President Trump signed the “Big, Beautiful Bill,” the tax and budget package that the legislative branch has been debating for months. One provision of the bill cuts funding...
Senate Parliamentarian Says Budget Bill Can’t Cut CFPB Funding
Senate Parliamentarian Says Budget Bill Can’t Cut CFPB Funding As Congress continues to hammer out the details of the tax and spending package passed by the House in May, Senate Parliamentarian Elizabeth MacDonough recently ruled that the Republicans’ attempt to...
CFPB’s Top Enforcement Official Resigns
CFPB’s Top Enforcement Official Resigns Last week, CFPB acting head of enforcement Cara Petersen turned in her resignation after sending an email to colleagues criticizing the Trump administration’s efforts to dismantle the agency. Petersen served at the Bureau...
Senate Confirms Michelle Bowman as Federal Reserve Vice Chair for Supervision
Senate Confirms Michelle Bowman as Federal Reserve Vice Chair for Supervision Last week, the U.S. Senate confirmed Federal Reserve Governor Michelle Bowman to serve as the Fed’s Vice Chair for Supervision by a narrow vote of 48-46. Bowman has served as a governor on...
