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CFPB issues fourth report to appropriations committees

Posted in CFPB General

The CFPB has issued its fourth 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 report covered the period October 1, 2014 through September 30, 2015.)

The new report covers the period October 1, 2015 through September 30, 2016.  It repackages (often verbatim) the information contained in three previous CFPB reports: the ninth Semi-Annual Report to the President and Congress covering the period from October 1, 2015 to March 31, 2016, the tenth Semi-Annual Report to the President and Congress covering the period from April 1, 2016 through September 30, 2016, and the FY 2016 financial report.