Bill > HR10184

This bill, titled the Consumer Financial Protection Accountability and Reform Act of 2026, proposes extensive changes to the structure, funding, and enforcement powers of the Bureau of Consumer Financial Protection (CFPB), an independent federal agency created by the Dodd-Frank Wall Street Reform and Consumer Protection Act to oversee consumer financial products and services. Key provisions include shifting the CFPB from its current independent funding mechanism through the Federal Reserve into the traditional congressional appropriations process, requiring the agency to conduct detailed cost-benefit analyses for rulemakings, and establishing a Senate-confirmed Inspector General specifically for the Bureau. The legislation also redefines and limits the CFPB's authority regarding unfair, deceptive, or abusive acts or practices (often referred to as UDAAP), narrows asset thresholds for direct supervision of depository institutions, creates safe harbors for small-dollar credit products, and introduces comprehensive federal standards and consumer protections for earned wage access services, which allow employees to access earned wages before their scheduled paydays.