DCUC Supports Scott, Haggerty, in proposed CFPB Accountability Act

Subjecting CFPB to Regular Congressional Appropriations Process

WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) voices its endorsement of Ranking Member Tim Scott (R-S.C.), Senator Bill Hagerty (R-Tenn.), and their colleagues on the Banking Committee for their introduction of the “Consumer Financial Protection Bureau (CFPB) Accountability Act.” 

​This proposed legislation would enhance the CFPB’s accountability by mandating that its funding be subject to annual appropriation by Congress.
 
“DCUC supports this legislation,” said Anthony Hernandez, DCUC president/CEO. “Implementing a standard congressional appropriations process for the CFPB will guarantee that the interests of consumers are consistently represented and safeguarded within the financial marketplace."