AFSA Supports the TABS Act
AFSA is excited to support Representative Andy Barr’s reintroduction of his Taking Account of Bureaucrats’ Spending (TABS) Act. The TABS Act would bring the CFPB under congressional review and its budgetary process. Currently, the CFPB is funded directly from the Federal Reserve. If the legislation passed, the CFPB would then be under the traditional appropriations process.
Bill Himpler, AFSA President and CEO, was quoted in Representative Barr’s press release as saying “AFSA strongly supports Representative Barr’s TABS Act to reform the CFPB, improve its transparency and accountability, and to ensure that affordable credit products and services are available for American households. By bringing the CFPB under traditional congressional oversight, financial institutions will have clear rules of the road while empowering Americans to achieve their economic goals.”
January 30th, 2025
