House Financial Services Committee Republicans Propose to Cut CFPB's Budget by More Than Half.

The Hill's On the Money Blog has the story here. The Committee is scheduled to vote on the proposal Wednesday. The bill would also subject the Bureau to the Congressional appropriation process--a proposal which this blog has previously criticized--and which would depart from the arrangement other financial institution regulators have. The Republicans would also eliminate the Home Affordable Modification Program (HAMP). At least they're not proposing to get rid of the Bureau in this bill, just disable it.