Survey: Voters Favor Bipartisan Commission Structure for CFPB

A Morning Consult poll of voters in eight key battleground states found that a majority would support structural changes to the Consumer Financial Protection Bureau. Fifty-eight percent said they believe that the CFPB should be run by a bipartisan commission, while just 14 percent said that the bureau should maintain its current single directorship structure. The poll was commissioned jointly by the Consumer Bankers Association, the American Land Title Association and the Independent Community Bankers of America.

Three in five voters said that a commission structure would increase fairness, accountability, transparency and make the organization more representative. A majority also agreed that restructuring the bureau would help both consumers and small businesses. ABA has long supported a consumer protection agency led by a bipartisan, five-member commission to balance independence and accountability while broadening perspectives and promoting checks and balances.