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To require the Consumer Financial Protection Bureau to meet its statutory purpose, and for other purposes.

USA115th CongressHR-6972| House 
| Updated: 9/28/2018
Maxine Waters

Maxine Waters

Democratic Representative

California

Cosponsors (5)
Emanuel Cleaver (Democratic)Carolyn B. Maloney (Democratic)Wm. Lacy Clay (Democratic)Al Green (Democratic)Gwen Moore (Democratic)

Financial Services Committee, Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Consumers First Act This bill revises provisions related to the administration of the Consumer Financial Protection Bureau (CFPB), including establishing requirements for staffing levels, political appointees, and the publication of consumer complaints regarding consumer financial products or services. The bill specifically states the duties of the Office of Fair Lending and Equal Opportunity (under current law, these are delegated by the CFPB Director). It also adds the duty to implement enforcement and supervisory authority regarding the fair lending laws. Specified units, offices, and boards of the CFPB must perform their assigned duties and may not be renamed or reorganized. The bill amends all statutory references to the "Bureau of Consumer Financial Protection" to refer instead to the "Consumer Financial Protection Bureau." Membership and meeting requirements for the Consumer Advisory Board are also revised.
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Timeline
Sep 28, 2018
Introduced in House
Sep 28, 2018
Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • September 28, 2018
    Introduced in House


  • September 28, 2018
    Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Finance and Financial Sector

Administrative law and regulatory proceduresAdvisory bodiesAlternative dispute resolution, mediation, arbitrationBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightConsumer affairsConsumer creditConsumer Financial Protection BureauDebt collectionExecutive agency funding and structureFederal officialsFinancial literacyGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsHigher educationHousing finance and home ownershipMilitary personnel and dependentsStudent aid and college costs

To require the Consumer Financial Protection Bureau to meet its statutory purpose, and for other purposes.

USA115th CongressHR-6972| House 
| Updated: 9/28/2018
Consumers First Act This bill revises provisions related to the administration of the Consumer Financial Protection Bureau (CFPB), including establishing requirements for staffing levels, political appointees, and the publication of consumer complaints regarding consumer financial products or services. The bill specifically states the duties of the Office of Fair Lending and Equal Opportunity (under current law, these are delegated by the CFPB Director). It also adds the duty to implement enforcement and supervisory authority regarding the fair lending laws. Specified units, offices, and boards of the CFPB must perform their assigned duties and may not be renamed or reorganized. The bill amends all statutory references to the "Bureau of Consumer Financial Protection" to refer instead to the "Consumer Financial Protection Bureau." Membership and meeting requirements for the Consumer Advisory Board are also revised.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 28, 2018
Introduced in House
Sep 28, 2018
Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • September 28, 2018
    Introduced in House


  • September 28, 2018
    Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Maxine Waters

Maxine Waters

Democratic Representative

California

Cosponsors (5)
Emanuel Cleaver (Democratic)Carolyn B. Maloney (Democratic)Wm. Lacy Clay (Democratic)Al Green (Democratic)Gwen Moore (Democratic)

Financial Services Committee, Education and Workforce Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresAdvisory bodiesAlternative dispute resolution, mediation, arbitrationBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightConsumer affairsConsumer creditConsumer Financial Protection BureauDebt collectionExecutive agency funding and structureFederal officialsFinancial literacyGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsHigher educationHousing finance and home ownershipMilitary personnel and dependentsStudent aid and college costs