Minnesota Consumer Financial Protection Bureau created, and money appropriated.

HF 3293 creates the Minnesota Consumer Financial Protection Bureau (MCFPB) to enforce consumer financial laws and protect residents from unfair or deceptive practices in banking, lending, and other financial services. The bill establishes a commissioner appointed by the governor to oversee the bureau, which will investigate complaints, monitor financial markets, and enforce anti-discrimination rules in consumer finance. It appropriates funding for the bureau’s operations in fiscal years 2026 and 2027, and directs the commissioner to recruit staff with federal CFPB experience. The bureau directly affects Minnesota consumers and financial institutions operating in the state by providing a dedicated enforcement agency for consumer financial protection.