Congressman Introduces Legislation to Reform CFPB

CFPB U.S. House

On March 4, U.S. House Representative Randy Neugebauer introduced H.R. 1266, a bill to reform the CFPB’s leadership structure to replace its single director with a five-member commission appointed by the President. Representative Neugebauer serves at the Chairman of the Financial Institutions and Consumer Credit Subcommittee.