The House on July 8 passed a fiscal year 2017 funding bill thatwould place new restrictions on the CFPB, although those proposalsare likely to be dropped when the agency's appropriations bill isfinalized.

Voting 239-185, the House passed H.R. 5485, after fighting offDemocratic attempts to delete those restrictions. Thoserestrictions include prohibiting the agency to enact payday lendingrules and regulations restricting arbitration agreements until itconducts new studies on their likely impact.

The bill, as passed, also would subject the agency to the annualappropriations process. In addition, the report accompanying thebill urged the CFPB to study the impact of its rules on smallfinancial institutions.