Congressional Subcommittee Examines Consumer Financial Protection Reforms 

Hearing Witnesses and Discussion Topics 

The subcommittee will hear testimony from industry experts, legal professionals, and consumer finance representatives, including: 

• Ana Fonseca, President & CEO, Logix Federal Credit Union 

• Rebecca E. Kuehn, Partner, Hudson Cook, LLP 

• David Pommerehn, General Counsel, Consumer Bankers Association 

• Bryan A. Schneider, Partner, Manatt, Phelps & Phillips, LLP 

• Seth Frotman, Former General Counsel and Senior Advisor to the CFPB Director 

Committee members are expected to question witnesses on legislative proposals that could reshape CFPB operations. Some key bills under review include: 

• Consumer Financial Protection Commission Act – Replaces the CFPB’s single-director structure with a five-member, bipartisan commission requiring Senate confirmation. 

• CFPB–IG Reform Act of 2025 – Establishes a dedicated Inspector General for the CFPB, separate from the Federal Reserve, with mandatory biannual testimony before Congress. 

• CFPB Dual Mandate and Economic Analysis Act – Revises CFPB’s mission to include promoting private sector competition and consumer choice while requiring an Office of Economic Analysis for regulatory review. 

• Transparency in CFPB Cost-Benefit Analysis Act – Requires CFPB rulemakings to include justification, cost-benefit assessment, and consideration of regulatory alternatives. 

• Making the CFPB Accountable to Small Businesses Act of 2025 – Ensures CFPB rules consider their impact on small businesses. 

• Rectifying UDAAP Act – Clarifies CFPB’s authority in defining “abusive” financial practices and sets clearer enforcement standards. 

• Civil Investigative Demand Reform Act of 2025 – Reforms CFPB’s investigative authority to prevent undue burdens on financial service providers. 

• Business of Insurance Regulatory Reform Act of 2025 – Clarifies CFPB’s regulatory authority over insurance companies already subject to state regulation.