The CFPB disclosed the OLC determination in a notice filed in NTEU v. Vought. OLC opinions are binding upon Executive Branch agencies including the bureau, according to the CFPB.
Under Dodd-Frank, the CFPB is authorized to request funding from the Federal Reserve rather than through congressional appropriations.
The filing did not indicate what would happen to CFPB operations beyond that date or whether the agency would seek alternative funding arrangements.