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Senate GOP Moves to Slash Consumer Financial Protection . . . - Truthout The new attack on the CFPB, unveiled by Senate Banking Committee Chair Tim Scott (R-S C ) — a major recipient of financial industry donations — would cut the agency’s budget nearly in half The proposal still must face scrutiny from the parliamentarian
Senate Republicans Seek To Halve CFPB Funding In Latest Budget . . . WASHINGTON—Senate Banking Committee Republicans are now proposing to slash the CFPB’s funding by nearly 50% as part of their revised contribution to the GOP’s sweeping budget reconciliation bill, according to updated draft language obtained by Politico The scaled-back plan follows an earlier proposal from Banking Chair Tim Scott (R-SC) that would have eliminated the CFPB’s funding