A CFPB Commission Will Never Fly

National Mortgage News, Mar. 20, 2018–Kate Berry (subscription)
Critics of the Consumer Financial Protection Bureau have long pinned their hopes on converting the Consumer Financial Protection Bureau’s leadership structure from a single director to a five-member commission. But with the recently passed Senate regulatory relief bill excluding such a measure, and that bill’s fate resting in the hands of moderate Democrats opposed to changes in the CFPB’s structure, such a measure is now dead on arrival.