The Consumer Bankers Association (CBA) has once again asked lawmakers to replace the Consumer Financial Protection Bureau’s (CFPB) single-director structure with a five-person, bipartisan commission.
In a letter to Senate Banking Committee members, CBA President and CEO Richard Hunt said a CFPB committee is appropriate in light of the Supreme Court’s decision last year in the bureau’s case against Seila Law. The court found the bureau’s structure to be unconstitutional.
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