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House Financial Services Committee Issues Report on Consumers First Act

May 15, 2019 - Targeted News Service
Negative Financial Results

WASHINGTON, May 15 -- The House Financial Services Committee issued a report (H.Rpt. 116-57) on legislation (H.R. 1500) to require the Consumer Financial Protection Bureau to meet its statutory purpose. The report was advanced by Rep. Maxine Waters, D-California, on May 10.

Excerpts of the report follow:

Purpose and Summary

On March 28, 2019, Chairwoman Maxine Waters introduced H.R. 1500, the "Consumer First Act," which amends the Consumer Financial Protection Act to ensure tha...