CFPB Leadership Structure and Reform


The Bureau of Consumer Financial Protection (BCFP) structure gives too much authority to a single director without providing appropriate levels of oversight and accountability-leading to unintended consequences.  Congress should change the leadership structure of the Bureau of Consumer Financial Protection from a one-person director to a multi-person commission.

Where We Stand

A multi-member commission would better balance multiple perspectives in the decision-making process and lead to better final rules.

  • It would prevent disruptions caused by frequent leadership changes in the one-director scenario
  • It would provide greater certainty and continuity-essential for consumers and the financial services industry-regardless of which political party is in the White House.


What We've Told Lawmakers & Regulators
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Removing Barrier Blog
SCOTUS Amicus Filed on CFPB Structure!

CUNA Advocacy | Dec 16, 2019

Kraninger testifies before House and Senate

CUNA Advocacy | Oct 18, 2019

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