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House Committee Digs Into New Dodd-Frank, CFPB Legislation

Joe Mont | March 25, 2015

The House of Representative’s Committee on Financial Services is moving forward with the latest round of legislative efforts to amend the Dodd-Frank Act, impose new requirements on the Consumer Financial Protection Bureau, and offer regulatory relief to smaller banks and lenders.

A variety of bills were part of a day-long mark up session on Wednesday and are likely to move onto a committee vote, and possibly one before the full House, in the coming weeks. Among the bills, all filed by Republicans, being prepped for a vote:

H.R. 1195, The Bureau of Consumer Financial Protection Advisory Boards Act

This amendment to the Dodd-Frank Wall Act would create three advisory committees to advise the Bureau of Consumer Financial Protection: the Small Business Advisory Board, the Credit Union Advisory Council, and the Community Bank Advisory Council. The CFPB Director...

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