Wednesday, the House Financial Services Committee passed by 35 to 24, H.R. 1266, which would replace the CFPB’s sole director with a bipartisan, five-member Commission.
Also, the Committee passed 56 to 3, H.R. 957, which would create an independent, Senate-confirmed inspector general for the CFPB. It is unclear if and when these bills will be considered by the full House of Representatives.
