House Financial Services Committee passes Consumers First Act

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Ballard Spahr LLP

On March 28, 2019, the House Financial Services Committee passed H.R. 1500, the Consumers First Act, by a 34-26 vote.

The bill is intended to reverse various actions taken by Mick Mulvaney during his tenure as CFPB Acting Director.

The bill is the topic of this week’s podcast, which features a member of Ballard Spahr’s federal lobbying and government relations team discussing what’s in the bill and the impact of current House dynamics on the bill’s prospects for passage or the prospects for passage of particular provisions.

 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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