Underscoring the widespread industry support for establishing a bipartisan commission to run the Consumer Financial Protection Bureau (CFPB), more than 20 trade groups signed a letter favoring a proposal to enact such an action.
The letter references results from a Morning Consult poll taken in March 2017 indicating that most swing-state voters surveyed support forming a CFPB commission. The letter also notes that H.R. 5266 is not the first piece of legislation to propose such a change.
Find out more details about the trades’ arguments for restructuring the bureau.