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CFPB Commission Bill Introduced in The House

Thu, Mar 15, 2018

The bipartisan legislation (H.R. 5266) would change the structure of the CFPB from a single director to a bipartisan commission was introduced in the U.S. House Wednesday.

The Leagues, credit unions and CUNA have been advocating for a commission structure at the CFPB to provide long term continuity and stability. The bill would create a five-person commission appointed by the president to lead the CFPB. Commissioners would serve staggered five-year terms.