Trump Administration Ends Lease for CFPB Headquarters

Congress created the U.S. Consumer Financial Protection Bureau (CFPB) under the 2010 Dodd-Frank Act following the 2008 financial crisis to oversee consumer financial products. Its Washington headquarters is at 1700 G Street NW, across from the White House. Because Trump has called for abolishing the bureau, the early termination of its lease is seen as another step toward weakening the agency.

Reuters reported on April 15 that the Office of the Comptroller of the Currency (OCC) terminated the 20-year lease in February 2026, at least six years before its scheduled expiration in 2032. The OCC transferred the building—more than 300,000 square feet with over 200 parking spaces—to the General Services Administration (GSA) at no cost. Annual rent was about $11.4 million in 2012 and subsequently increased by 2% each year.