WASHINGTON–A new report from the Government Accountability Office (GAO) said it has been stonewalled by the CFPB in attempting to check on the status of the reorganization efforts at the Bureau between February and August 2025. Nevertheless, the GAO said is stands by the stand by the accuracy of the facts presented in our report .
GAO said it used publicly available information to arrive at its findings, as the “CFPB declined to meet with us and did not provide requested information, citing ongoing litigation.”
The report was first reported by Regulatory Report.
Not True, Says GAO
According to GAO it was told by the CFPB that it could not meet with the watchdog agency due to litigation. But GAO said in its report that ongoing litigation does not limit, under federal law, the GAO’s authority to obtain information required for its audits, and doesn’t minimize the bureau’s statutory obligation to provide such information to GAO. “Moreover, the fact that CFPB may be including some of what we requested in its litigation filings seems to minimize the agency’s effort to provide it to us,” the agency said in a footnote, according to Regulatory Report
The report further noted that GAO said CFPB raised concerns about the accuracy of the report but offered no specifics about which facts or details were inaccurate. The agency said, in response, it asked the Bureau if it intended to back up those objections with additional comments, including technical comments, Regulatory Report stated.
‘We Stand by Report’
“CFPB confirmed that it would not provide any additional information,” GAO stated in its report. “We stand by the accuracy of the facts presented in our report, which are based on publicly available information including court dockets and Federal Register notices. As consistently explained in our communications to CFPB leadership throughout this audit, we conducted this work within the scope of our authority in an independent and nonpartisan manner, and we take no position on the policies underlying CFPB leadership’s views about the agency’s past actions or the size of the agency. Our focus was on presenting the dates and events that took place at CFPB between February and August 2025.”
Dem Senators Requested Report
The report was requested by five Democratic members of the U.S. Senate and House: Sen. Elizabeth Warren (MA), Sen. Andy Kim (NJ), Rep. Maxine Waters (CA), Rep. Bill Foster (IL), and Rep. Al Green (TX).
The report can be found here.
