The American Financial Services Association (AFSA) has responded to the nomination of Stuart Levenbach for a five-year term as director of the Consumer Financial Protection Bureau (CFPB). The organization emphasized its longstanding focus on clarity and certainty in public policy.
In a statement, AFSA said, "Clarity and certainty in the public policy space has long been a priority for the American Financial Services Association, which is why we appreciate the recent nomination of Stuart Levenbach to serve a five-year term as director of the Consumer Financial Protection Bureau. This announcement is another welcome step in the administration’s ongoing efforts to focus and right-size the Bureau to better serve and protect consumers while also appropriately overseeing a robust and well-functioning financial services industry that meets consumer needs."
The association views this nomination as part of broader efforts by the administration to balance consumer protection with effective oversight of financial services.