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Standard Summary
Comprehensive overview in 1-2 paragraphs
The Repeal CFPB Act eliminates the Bureau of Consumer Financial Protection and restores laws to their pre-2010 status.
Key Points
- 1Repeals the Consumer Financial Protection Act of 2010 entirely
- 2Restores provisions amended or repealed by the 2010 Act
- 3Eliminates the CFPB as a federal agency
- 4Returns regulatory authority to previous agencies
- 5Affects consumer financial protection oversight
Impact Areas
Consumer financial protectionBanking and financial services industryFederal financial regulatory frameworkConsumer advocacy groupsState financial regulators
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