Consumer Financial Protection Bureau (CFPB): A Legal Analysis, January 14, 2014.

摘要

The 113th Congress has been actively involved in conducting oversight of the implementation of the CFP Act. The 113th Congress also has considered bills that would either eliminate the CFPB altogether or significantly alter the structure of the Bureau by, for example, making the CFPBs primary funding subject to the traditional appropriations process, converting the CFPBs leadership structure from a sole directorship to a commission, or allowing the Financial Stability Oversight Council (FSOC) to overturn CFPB-issued regulations with a simple majority vote, as opposed to the current supermajority vote. This report provides an overview of the regulatory structure of consumer finance under existing federal law before the Dodd-Frank Act went into effect and examines arguments for modifying the regime in order to more effectively regulate consumer financial markets. It then analyzes how the CFP Act changes that legal structure, with a focus on the Bureaus organization; the entities and activities that fall (and do not fall) under the Bureaus supervisory, enforcement, and rulemaking authorities; the Bureaus general and specific rulemaking powers and procedures; and the Bureaus funding.