In recent months, the Consumer Financial Protection Bureau (CFPB) has been under scrutiny for its actions, with some describing it as overreaching and lacking accountability. The agency is currently without a director, and a new administration has emphasized the importance of transparency and accountability.
Representative William Timmons has called on the CFPB to halt any actions, including enforcement measures, until a new director is appointed by President Trump and confirmed by Congress. The American Financial Services Association (AFSA) has long supported congressional efforts to increase accountability within the CFPB and appreciates Representative Timmons' initiative in pursuing these objectives.