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house Bill H.R. 1195

Creating Advisory Boards in the CFPB for Small Business, Community Banks, and Credit Unions

Argument in favor

Small businesses, community banks, credit unions, and the people who use them are all affected by CFPB’s regulations. They should all have a seat at the table to voice their concerns.

Cary's Opinion
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04/08/2015
It makes sense to have an advisory opinion from those in the industry.
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bradhodges's Opinion
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04/02/2015
How can intelligent regulations be enacted without input from the businesses that are being regulated? While this may be a consumer protection agency it is still vital to hear the other side of anything.
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Sscm's Opinion
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04/06/2015
These institutions are the backbone of the American economy and they deserve a seat at the table to make sure that both sides of the story are weighed when making regulations.
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Argument opposed

Why should financial institutions and businesses have an advisory role in creating the regulations? The Consumer Financial Protection Bureau, is for consumers not businesses.

stimoceiver's Opinion
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04/01/2015
Sorry consumers need a venue where their voice is not drowned out by business and corporate interests
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Richard's Opinion
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04/03/2015
We must regulate businesses that run amuck and let consumers have the voice for regulations, not businesses.
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Scythan's Opinion
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04/04/2015
The danger in America today is the expansion of income inequity by corporate interests inserting themselves into every aspect of culture. As long as Sen. Warren and the CFPB stand up for consumers and the 99% then there is a chance to return this nation to greatness and not a classist society controlled by corporations and AstroTurf groups.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed April 22nd, 2015
    Roll Call Vote 235 Yea / 183 Nay
      house Committees
      Committee on Financial Services
    IntroducedMarch 2nd, 2015

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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed April 22nd, 2015
    Roll Call Vote 235 Yea / 183 Nay
      house Committees
      Committee on Financial Services
    IntroducedMarch 2nd, 2015

Log in or create an account to see how your Reps voted!

Bill Activity

  • action
    Introduced in House
  • referral
    Referred to the House Committee on Financial Services.
  • action
    Committee Consideration and Mark-up Session Held.
  • action
    Committee Consideration and Mark-up Session Held.
  • calendar
    Ordered to be Reported by the Yeas and Nays: 53 - 5.
  • action
    Reported by the Committee on Financial Services. H. Rept. 114-55.
  • calendar
    Placed on the Union Calendar, Calendar No. 36.
  • action
    Considered under the provisions of rule H. Res. 200.
  • action
    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 200 and Rule XVIII.
  • action
    The Speaker designated the Honorable John J. Duncan, Jr. to act as Chairman of the Committee.
  • action
    GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1195.
  • action
    At the conclusion of debate, the Chair announced that pursuant to the provisions of H. Res. 200, the amendment printed in part C of House Report 114-74 is adopted.
  • action
    DEBATE - Pursuant to the provisions of H. Res. 200, the Committee of the Whole proceeded with 10 minutes of debate on the Kuster (NH) part D amendment No. 1.
  • action
    POSTPONED PROCEEDINGS - At the conclusion of debate on the Kuster (NH) part D No. 1 amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Maxine Waters demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
  • action
    DEBATE - Pursuant to the provisions of H. Res. 200, the Committee of the Whole proceeded with 10 minutes of debate on the Kuster (NH) part D amendment No. 2.
  • action
    Mr. Neugebauer moved that the Committee rise.
  • action
    On motion that the Committee rise Agreed to by voice vote.
  • action
    Committee of the Whole House on the state of the Union rises leaving H.R. 1195 as unfinished business.
  • action
    Considered as unfinished business.
  • action
    The House resolved into Committee of the Whole House on the state of the Union for further consideration.
  • action
    UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of the Kuster (NH) amendment No. 1 printed in part D of House Report 114-74.
  • action
    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1195.
  • action
    The previous question was ordered pursuant to the rule.
  • action
    The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union.
  • action
    Ms. Kuster moved to recommit with instructions to the Committee on Financial Services.
  • action
    DEBATE - The House proceeded with 10 minutes of debate on the Kuster motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add at the end of the bill a section on prohibition against participation by persons employed by companies engaged in predatory practices related to servicemembers pending reservation of a point of order. Subsequently, the reservation was removed.
  • action
    The previous question on the motion to recommit with instructions was ordered without objection.
  • action
    On motion to recommit with instructions Failed by recorded vote: 184 - 234 (Roll no. 166).
  • vote
    On passage Passed by the Yeas and Nays: 235 - 183 (Roll no. 167).
  • action
    Motion to reconsider laid on the table Agreed to without objection.
  • referral
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
    It makes sense to have an advisory opinion from those in the industry.
    Like (10)
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    Sorry consumers need a venue where their voice is not drowned out by business and corporate interests
    Like (18)
    Follow
    Share
    We must regulate businesses that run amuck and let consumers have the voice for regulations, not businesses.
    Like (8)
    Follow
    Share
    How can intelligent regulations be enacted without input from the businesses that are being regulated? While this may be a consumer protection agency it is still vital to hear the other side of anything.
    Like (6)
    Follow
    Share
    The danger in America today is the expansion of income inequity by corporate interests inserting themselves into every aspect of culture. As long as Sen. Warren and the CFPB stand up for consumers and the 99% then there is a chance to return this nation to greatness and not a classist society controlled by corporations and AstroTurf groups.
    Like (6)
    Follow
    Share
    These institutions are the backbone of the American economy and they deserve a seat at the table to make sure that both sides of the story are weighed when making regulations.
    Like (3)
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    At this point in time we need to work on regulating businesses, not set them free. We all know what happens when businesses are let lose and allowed to regulate themselves, they don't regulate themselves.
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    Making sure the public is protected from predatory practices is certainly a good idea, but not considering the impact on the very businesses providing financial services is not a logical path.
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    Provides an avenue for businesses to offer input into the creation of regulations that affect them and the public.
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    The CFPB was created to protect people from these banks and credit unions. Why would you invite the Wolf to sit at the same table with the sheep and shepherd ?
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    I can think of no reason why businesses should have an advisory role in consumer financial protection. The same logic supporting this legislation would also have us consulting illegal aliens on immigration law and Iran on our next nuclear non-proliferation agreement.
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    This sounds like another layer of government, I am not sure why we would be doing this.
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    Because THE CFPB is for consumers, not for businesses
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    Government already has regulated this country into an abuss.... they are not our dictators. We the people have the last say in what they do, as they work for us. Notthe other way around......
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    It is important that local businesses and community leaders for the local levels also so we understand what people go through every day
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    Each area has it's own elements that provide for the people that surround it
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    Money has got to stop driving things. They can't be allowed in the back pocket of our leaders.
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    Financial self regulation has proven to be similar to allowing foxes to regulate chicken coops.
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    I think that those affected by the law should have the right to discuss those laws with law makers.
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    Business owners are also consumers. We should have opportunity for input, just as non-business-owner consumers.
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