Legal Alert - Republican Senators Introduce Bill to Restructure the Consumer Financial Protection Bureau
by Jennifer Hadley
On January 11, 2017, U.S. Senator Deb Fischer (R-Neb.) introduced Senate Bill 105 which proposes a substantial change to the leadership structure of the Consumer Financial Protection Bureau (“CFPB”). Senator Fischer was joined by Republican Senators Ron Johnson (R-Wisc.) and John Barrasso (R-Wyo.) in introducing the bill – which has since added Senator Jeff Flake (R-Ariz.) as a co-sponsor.