The committee approved H.R. 10184, which aims to move the CFPB to congressional appropriations, impacting funding and oversight of the agency.
What changed
Proposed movement of CFPB to a congressional appropriations model.
Compliance perspective
Firms should monitor developments closely as changes could affect compliance oversight.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.