Government

What does the do?

Updates published annually

The Consumer Financial Protection Bureau (CFPB) is an independent agency responsible for consumer protection in the financial sector. The bureau's primary mission is to ensure that markets for consumer financial products and services work for Americans. The CFPB enforces federal consumer financial laws, supervises financial institutions, and educates consumers to make informed financial decisions. It was established in 2010 as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

In FY 2024,

$1.2B

was spent by the Consumer Financial Protection Bureau
In FY 2024,

<0.1%

of federal spending was by the Consumer Financial Protection Bureau

How much does the Consumer Financial Protection Bureau spend?

The Consumer Financial Protection Bureau spent $1.2 billion in fiscal year (FY) 2024. This was 0.018% of the $6.78 trillion in overall federal spending. The department ranked 32nd among federal agencies in total spending.

The Consumer Financial Protection Bureau accounted for <0.1% of all federal spending in FY 2024.

Share of CFPB net spending compared to the top ten highest spending agencies in FY 2024

Federal spending may shift over time due to population growth, changes in policy and programs, and emerging problems to address. Adjusting for inflation, the Consumer Financial Protection Bureau’s federal spending has increased from $113.1 million in 2011 to $1.2 billion in 2024.

The Consumer Financial Protection Bureau’s federal spending in FY 2024 was higher than in FY 2011.

Yearly federal net spending by CFPB, adjusted for inflation (2024 dollars), FYs 2011–2024

Since 2011, the Consumer Financial Protection Bureau's spending has increased 963.2%, while overall spending has increased 33.8%.
The department’s spending grew more than overall spending, which means that the department’s share of the federal budget increased. In 2024, CFPB accounted for 0.018% of all federal spending. That’s 0.016 percentage points higher than 2011 and 0.0055 percentage points higher than in 2014.
Major legislation, internal or global economic conditions, and acute events like the COVID-19 pandemic can affect spending year to year. For example, the federal budget fluctuated during the pandemic, rising from $5.3 trillion (in 2023 dollars) in 2019 to $7.7 trillion in 2020 and $7.8 trillion in 2021.

The Consumer Financial Protection Bureau's share of federal spending in FY 2024 was higher than in FY 2011.

Percentage of federal budget dedicated to CFPB, FYs 2011–2024

Most federal spending can be categorized as direct or indirect. Direct spending refers to money the federal government spends on budget items such as federal programs, employee salaries, and debt interest. Indirect spending refers to federal transfers to state and local governments.
In FY 2024, all of the Consumer Financial Protection Bureau's spending was direct.
The chart below outlines all net CFPB spending.

How did the Consumer Financial Protection Bureau spend its budget in 2024?

Federal government net spending isolated to CFPB, FY 2024

Who leads the Consumer Financial Protection Bureau?

The CFPB is led by a director, who is appointed by the president and must be confirmed by the Senate. Once confirmed, the director serves a term of five years.

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Methodology

USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.

Page sources

USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.

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