On January 27, GAO released a report requested by a group of Democratic senators and representatives chronicling the CFPB’s reorganization efforts between February and August 2025. GAO found that during that period, the CFPB issued stop-work orders, closed supervisory examinations, terminated employees and contracts, and dismissed enforcement cases. In the report, GAO stated that these actions resulted in substantial workforce reductions and contract cancellations, and detailed ongoing litigation concerning the Bureau’s reorganization (most recently covered by InfoBytes here). Additionally, GAO noted that recent congressional action, namely the enactment of the One Big Beautiful Bill Act in July 2025, reduced the CFPB’s budget cap from 12 percent of the Fed’s total operating expenses to 6.5 percent. According to the report, the CFPB declined to provide requested information during the GAO’s engagement and responded to the report by broadly disputing the accuracy of the report’s inputs and findings and calling some of the timelines to provide information “limited and arbitrary.”
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