Abolish CFPB; reverse Dodd-Frank §1061; return functions to banking regulators and FTC
Mandate calls CFPB unconstitutional and urges Congress to abolish it and reverse Dodd-Frank Section 1061, returning consumer protection to banking regulators and the FTC; if SCOTUS affirms the Fifth Circuit funding holding, the President should immediately dissolve the agency, pull rules, return staff, and return the building to GSA.
Mandate
Mandate Ch. 27 (Financial Regulatory Agencies) — CFPB (Bowes): CFPB is a highly politicized, damaging, and utterly unaccountable federal agency; it is unconstitutional; Congress should abolish the CFPB and reverse Dodd–Frank Section 1061, returning consumer protection functions to banking regulators and the FTC; provided the Supreme Court affirms the Fifth Circuit holding in CFSA, the next conservative President should order immediate dissolution—pull prior rules/regulations/guidance, return staff to prior agencies, and return its building to GSA.
Undo plan
1) Preserve a dedicated federal consumer-finance cop—do not abolish CFPB without seamless transfer of supervision/enforcement capacity.
2) If restructuring, convert to multi-member commission on appropriations with FTC/banking-regulator coordination MOUs.
3) Rescind any dissolution order that stranding pending consumer redress.
4) Keep Civil Penalty Fund victim compensation pipeline during transition.
5) Verify: exam coverage of large banks/nonbanks; consumer complaint response times.