H.R.1500 - Consumers First Act116th Congress (2019-2020) |
|Sponsor:||Rep. Waters, Maxine [D-CA-43] (Introduced 03/05/2019)|
|Committees:||House - Financial Services; Education and Labor | Senate - Banking, Housing, and Urban Affairs|
|Committee Reports:||H. Rept. 116-57|
|Latest Action:||Senate - 05/23/2019 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
|Roll Call Votes:||There have been 7 roll call votes|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.1500 — 116th Congress (2019-2020)All Information (Except Text)
Reported to House, Part I (05/10/2019)
Consumers First Act
This bill revises provisions related to the administration of the Consumer Financial Protection Bureau (CFPB), including establishing requirements for staffing levels, political appointees, and the publication of consumer complaints regarding consumer financial products or services.
The bill specifically states the duties of the Office of Fair Lending and Equal Opportunity (under current law, these are delegated by the CFPB Director). It also adds the duty to implement enforcement and supervisory authority regarding the fair lending laws.
Specified units, offices, and boards of the CFPB must perform their assigned duties and may not be renamed or reorganized.
The bill amends all statutory references to the "Bureau of Consumer Financial Protection" to refer instead to the "Consumer Financial Protection Bureau."
Membership and meeting requirements for the Consumer Advisory Board are also revised.