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CFPB issues third appropriations report

Posted in CFPB General

The CFPB has issued its third report entitled “Report of the Consumer Financial Protection Bureau Pursuant to Section 1017(e)(4) of the Dodd-Frank Act.”  That Dodd-Frank section requires the CFPB’s Director to submit an annual report to the House and Senate Committees on Appropriations “regarding the financial operating plans and forecasts of the Director, the financial condition and results of operations of the Bureau, and the sources and application of funds of the Bureau, including any funds appropriated in accordance with [Section 1017(e)].”  (The CFPB’s previous appropriations report covered the period October 1, 2013 through September 30, 2014.)

The new report covers the period October 1, 2014 through September 30, 2015.  It repackages (often verbatim) the information contained in three previous CFPB reports: the seventh Semi-Annual Report to the President and Congress covering the period from October 1, 2014 to March 31, 2015, the eighth Semi-Annual Report to the President and Congress covering the period from April 1, 2015 through September 30, 2015, and the FY 2015 financial report.