The Consumer Bankers Association (CBA) made several legislative and regulatory recommendations to the House Financial Services Committee in advance of the Consumer Financial Protection Bureau’s (CFPB) semi-annual report to Congress.
CBA President and CEO Richard Hunt suggested Congress quickly pass a law changing the bureau’s structure to a bipartisan commission, citing concerns with the upcoming Seila Law v. CFPB case, which will be argued before the U.S. Supreme Court March 3.
Read on to learn about additional recommendations.
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