US House Republicans Renew Focus on Consumer Financial Protection Bureau Oversight

    View Authors March 2015

    During the third month of the 114th Congress, Republicans in the US House of Representatives are renewing efforts to overhaul the US Consumer Financial Protection Bureau (CFPB), the agency established by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) to regulate consumer financial products and services, including credit and prepaid cards, short-term and student loans, and mortgages. As Republicans ramp up these efforts, companies offering consumer financial products and services have a unique opportunity to engage policymakers about the CFPB’s activities, including rulemakings, enforcement proceedings and other initiatives. Moreover, the time is ripe for companies considering advocacy efforts to ensure that their interests are considered as policymakers examine potential changes and increased oversight of the CFPB.