Trump's 'Big Beautiful Bill' Slashes CFPB Funding: What It Means for You

Financial Services attorney Eamonn Moran was quoted in a CNBC article about funding reductions for the Consumer Financial Protection Bureau (CFPB). The One Big Beautiful Bill Act, signed by President Donald Trump on July 4, 2025, nearly halves the agency's budget, cutting its cap of Federal Reserve operating expenses from 12 percent to 6.5 percent. Mr. Moran noted the agency will still need to maintain its statutory duties of supervision, enforcement and complaint response despite fewer financial resources, though he added changes since the Trump Administration took office – such as proposed staffing cuts, rule rescissions and enforcement priority shifts – might ultimately render the money question moot.

"It's not really, in my view, going to be a notable departure from what we've seen since the end of January," he said. "People aren't expecting anything big regulatory-wise coming out of the CFPB for the next few years."

READ: Trump's 'Big Beautiful Bill' Slashes CFPB Funding: What It Means for You