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| Topics and Issues | CFPB (3) Dodd-Frank (2) |
In June 2020, CDIA joined with other trade associations in a letter supporting S. 3990, the Financial Product Safety Commission Act of 2020. This legislation would ensure the Consumer Financial Protection Bureau’s (CFPB) political independence by replacing the single-director structure with a five-person, bipartisan commission, as originally intended by the U.S. House of Representatives when it first passed the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010.