CFPB–IG Reform Act of 2025

This bill, known as the "CFPB-IG Reform Act of 2025," establishes an independent Inspector General for the Bureau of Consumer Financial Protection (CFPB). It mandates that this new Inspector General position be subject to Senate confirmation , a significant change from the current structure where the CFPB shares an Inspector General with the Board of Governors of the Federal Reserve System. The legislation explicitly removes the CFPB from this shared oversight arrangement, creating a distinct and dedicated oversight role for the agency. To ensure robust accountability, the bill requires the newly established Inspector General to appear before specific Congressional committees for semiannual hearings. Furthermore, it mandates that the CFPB dedicate two percent of its annual transferred funds specifically to the Office of the Inspector General, ensuring financial independence for its operations. The Act also includes the CFPB's Inspector General in the Council of Inspectors General on Financial Oversight and sets a 60-day deadline for the President to appoint the first Inspector General.