OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Senator Fischer Reintroduces Legislation to Reform CFPB

Statement

Date: June 17, 2020
Location: Washington, DC
Issues: Finance and Banking Business, Consumers, and Employees

U.S. Senator Deb Fischer (R-Neb.) released the following statement today after reintroducing legislation that would change the structure of the Consumer Financial Protection Bureau (CFPB) from a single director to a bipartisan commission of five individuals:

"I have long advocated for reforming the CFPB to increase its transparency and accountability. With the Supreme Court set to issue an opinion this month on the constitutionality of the CFPB's single director, my bill offers a common-sense solution for reforming the bureau. A bipartisan, multi-member commission would help ensure good governance, prevent rash decision making, and result in more economic certainty for Americans starting businesses and providing for their families," said Senator Fischer.


Source
arrow_upward