HB2798: CFPB Transparency and Accountability Reform Act Transparency in CFPB Cost-Benefit Analysis Act CFPB Dual Mandate and Economic Analysis Act CFPB Whistleblower Incentives and Protection Act Making the CFPB Accountable to Small Businesses Act of 2023 CFPB–IG Reform Act of 2023 Bureau of Consumer Financial Protection-Inspector General Reform Act of 2023 TABS Act of 2023 Taking Account of Bureaucrats’ Spending Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To make reforms to the Bureau of Consumer Financial Protection, and for other purposes.
Plain-language summary
This bill proposes multiple reforms to the Consumer Financial Protection Bureau (CFPB), an agency that regulates financial companies to protect consumers. The reforms include requiring the CFPB to publish detailed cost-benefit analyses before issuing new rules. The bill also strengthens protections for whistleblowers who report wrongdoing and creates new oversight roles for the CFPB's inspector general. Additional provisions aim to increase CFPB accountability to small businesses. The bill is currently in the early stage after being introduced in Congress.
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HB2798: CFPB Transparency and Accountability Reform Act Transparency in CFPB Cost-Benef…