Consumer Financial Protection Bureau Accountability Act of 2024

This bill (S 4521) changes how the Consumer Financial Protection Bureau (CFPB) is funded by requiring it to seek annual appropriations through Congress, rather than receiving automatic funding from the Federal Reserve's budget. It also modifies civil penalty handling: if the CFPB collects fines and pays victims, any leftover funds must be transferred to the U.S. Treasury's general fund. These changes directly affect the CFPB's budget process and financial management, shifting oversight to Congress. The provisions take effect October 1, 2025.