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RIGHTS at the CFPB Act of 2016
1/11/2023, 1:32 PM
Congressional Summary of HR 5521
Reigning In of Governmental Hostility To Sovereignty at the CFPB Act of 2016 or the RIGHTS at the CFPB Act of 2016
This bill amends the Consumer Financial Protection Act of 2010 to authorize any person who is a party to an adjudicative administrative proceeding brought by the Consumer Financial Protection Bureau (CFPB), and against whom an order imposing a cease and desist order or a penalty may be issued at the proceeding's conclusion, to require the CFPB to terminate the proceeding. The termination request must be made within 20 days after the person receives notice of the proceeding.
If such a person does require the CFPB to terminate a proceeding, the CFPB may still bring a civil action against the person for the same remedy that might be imposed.
Read the Full Bill
Current Status of Bill HR 5521
Bill HR 5521 is currently in the status of Bill Introduced since June 16, 2016. Bill HR 5521 was introduced during Congress 114 and was introduced to the House on June 16, 2016. Bill HR 5521's most recent activity was Referred to the House Committee on Financial Services. as of June 16, 2016
Bipartisan Support of Bill HR 5521
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5521
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Administrative remedies
- Civil actions and liability
- Consumer Financial Protection Bureau
- Consumer credit
- Financial services and investments
Alternate Title(s) of Bill HR 5521
RIGHTS at the CFPB Act of 2016
To amend the Consumer Financial Protection Act of 2010 to authorize private parties to compel the Bureau to seek sanctions by filing civil actions, and for other purposes.
RIGHTS at the CFPB Act of 2016
Reigning In of Governmental Hostility To Sovereignty at the CFPB Act of 2016
Comments
Sponsors and Cosponsors of HR 5521
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