ABA wrote to the House Financial Services Committee to support H.R. 2446 and H.R. 3193, two bills that the committee plans to vote on.
H.R. 2446 would replace the CFPB director with a bipartisan five-member commission.
H.R. 3193, nearly identical to a bill that passed the House in a previous Congress, would change the FSOC’s voting standards from two-thirds to simple majority.
Read ABA’s letter.