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Bill > HR1637


US HR1637

US HR1637
RIGHTS at the CFPB Act of 2017 Reigning In of Governmental Hostility To Sovereignty at the CFPB Act of 2017


summary

Introduced
03/20/2017
In Committee
03/20/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

RIGHTS at the CFPB Act of 2017 Reigning In of Governmental Hostility To Sovereignty at the CFPB Act of 2017 This bill amends the Consumer Financial Protection Act of 2010 to specify that a private party that is a party to an administrative proceeding brought by the Consumer Financial Protection Bureau may compel the bureau to terminate the proceeding, in which case the bureau may bring a civil action for the same remedy.

AI Summary

This bill, the Reigning In of Governmental Hostility To Sovereignty at the CFPB Act of 2017 or the RIGHTS at the CFPB Act of 2017, amends the Consumer Financial Protection Act of 2010 to allow private parties involved in administrative proceedings brought by the Consumer Financial Protection Bureau (CFPB) to compel the CFPB to terminate the proceeding. If a private party requires the CFPB to terminate the proceeding, the CFPB can then bring a civil action against the private party for the same remedy that might have been imposed in the administrative proceeding. The bill also deems any administrative adjudication commenced under this section as an "action" for the purposes of the Consumer Financial Protection Act of 2010.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to the House Committee on Financial Services. (on 03/20/2017)

bill text


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