On September 1, 2026, the ABA Banking Journal reported that Republicans on the House Financial Services Committee had introduced legislation that could significantly change the CFPB’s funding structure, supervisory authority, and enforcement powers. The Consumer Financial Protection Accountability and Reform Act (H.R. 10184) follows a discussion draft previously circulated by the committee.
Among the bill’s most significant provisions for financial institutions are proposed changes to the CFPB’s authority over unfair, deceptive, or abusive acts or practices (UDAAP). The legislation would require the CFPB to more clearly define the “abusive” standard and would prohibit the bureau from interpreting UDAAP to include discriminatory practices. These changes could affect how institutions assess consumer compliance risks and interpret CFPB expectations.
The bill would also raise the asset threshold for CFPB supervision from $10 billion to $30 billion, potentially removing certain institutions from direct CFPB supervisory jurisdiction. Other provisions would establish a proposed safe harbor for certain small-dollar credit products and reduce the dollar amounts of civil money penalties the CFPB could impose.
The legislation would additionally move the CFPB to the regular congressional appropriations process, replacing its current funding structure through the Federal Reserve.
While these provisions could have significant implications for the bureau and the institutions it regulates, H.R. 10184 remains proposed legislation and has not been enacted.
Read the ABA Banking Journal article here.