After five years in existence, the Consumer Financial Protection Bureau (CFPB) faces an uncertain future, reports Brena Swanson, the digital reporter for HousingWire.com.
Both sides of the political aisle go back and forth with praise or distaste for the way the bureau is run. And given that Congress doesn’t govern the bureau, it leaves the door wide open for debate on its authoritative power. Even when the CFPB opened, it was met with a great deal of controversy.
The Republican party, in fact, addressed the agency in its recent platform.
On Monday night at the Republican National Convention, the Republican Party approved its 2016 party platform, which included changing the structure of the CFPB.