As Mick Mulvaney prepares to appear before Congress for the first time in his role at the Consumer Financial Protection Bureau (CFPB), a group of trade associations led by the Consumer Bankers Association wrote to co-sponsors of a House bill which would create a five-person, bipartisan commission to lead the CFPB.
That would go against a recommendation that Mulvaney made to Congress in last week’s semi-annual report, which stated that Congress should create legislation ensuring “that the director answers to the president in the exercise of executive authority.”
Read on for more details from the report and the groups which back the bill.
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