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House to Consider CFPB Accountability Reforms This Week

February 27th, 2014 by [shareaholic app="share_buttons" id="27157108"]

By Around the Web On Thursday, February 27 the House will consider H.R. 3193, the Consumer Financial Freedom and Washington Accountability Act, sponsored by Financial Services Committee member Rep. Sean Duffy (R-WI). H.R. 3193 is a package of bills to bring greater accountability and transparency to the powerful CFPB. These bills passed the Financial Services Committee on November 21, 2013. H.R. 3193 does the following: – Replaces the single, unaccountable CFPB Director with an accountable, five-member Commission appointed by the president and confirmed by the Senate to ensure that a diversity of viewpoints……(read more)

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