The Consumers First Act, which was approved by a House committee in late March, would require the Consumer Financial Protection Bureau to 'promptly reverse all anti-consumer actions' made by its former acting director, Mick Mulvaney.
The bill includes provisions that would require the Consumer Financial Protection Bureau's consumer complaint database to remain public, and would eliminate the director's ability to limit the legal reach of its fair lending office.
While the bill might be passed if brought to floor vote in the House, it would likely go nowhere in the Senate. The Consumers First Act, which was approved 34-26 by the House Financial Services Committee in late March, would require the Consumer Financial Protection Bureau to "promptly reverse all anti-consumer actions" made under its previous acting director, Mick Mulvaney, who is now President Trump's acting chief of staff. The letter from Majority Leader Steny Hoyer, D-Maryland, said the measure is one of many that the House may vote on next month.
Kathy Kraninger, director of the Consumer Financial Protection Bureau nominee for U.S. President Donald Trump, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., July 19, 2018.While the bill — sponsored by Financial Services Committee Chairwoman Maxine Waters, D-California — might get approved in the Democratic-controlled House, it would likely face an uphill battle in the Republican-dominated Senate.
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