On March 30, the CFPB notified the U.S. District Court for the District of Oregon that its acting director had submitted a $75.8 million funding request to the Fed for the third quarter of fiscal year 2026. The notice states that the acting director prepared the request “in accordance with” a separate district court injunction issued in litigation in the District of Columbia (covered by InfoBytes here). In an attached letter to Fed Chairman Jerome Powell, the acting director stated the amount “does not reflect the amount that I believe to be reasonably necessary for the Bureau to perform its statutory functions,” even though it is only roughly half of the amount requested in the previous quarter. He added that he believes the CFPB “can perform its statutory duties with a significantly smaller budget” and provided the figure solely to comply with the court order.

As previously covered by InfoBytes, in the ongoing litigation, attorneys general from 22 states and territories moved for partial summary judgment, arguing the acting director’s refusal to request operating funds violated the Dodd-Frank Act’s mandatory funding mechanism, the APA, and Congress’s Article I authority. The Bureau and the Fed opposed the motion, arguing the dispute was moot because the CFPB had already requested and received funds under a court order in separate litigation (covered by InfoBytes here).