Creates an independent watchdog for the Bureau of Consumer Financial Protection, requiring Senate approval.
This bill would create a new, independent watchdog for the Bureau of Consumer Financial Protection (CFPB). If passed, this bill would give the CFPB its own Inspector General. This new Inspector General would need Senate approval and have dedicated funding to oversee the agency.
Today, the Bureau of Consumer Financial Protection (CFPB) shares an Inspector General with the Federal Reserve, and this position is not separately confirmed by the Senate for the CFPB. After this bill, the CFPB would have its own independent Inspector General, who would need Senate approval and receive 2 percent of the CFPB's annual funds. This new Inspector General would also report directly to Congress at semiannual hearings and join a council of financial watchdogs.
HR 2513 · 119th Congress · March 31, 2025 · AI Summary by gemini-2.5-flash · 10/10
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8 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.