Repeal CFPB Act

S 1363 would repeal the Consumer Financial Protection Act of 2010, eliminating the Consumer Financial Protection Bureau (CFPB) as a federal agency. This bill directly affects consumer financial oversight by removing the agency responsible for enforcing rules on banks, lenders, and other financial institutions. The key mechanism is the restoration of pre-2010 financial regulations that were amended or replaced by the CFPB's creation, reverting to the regulatory framework that existed before the bureau was established.