U.S. House Votes to Weaken Bureau of Consumer Financial Protection

Jeffrey ErnstFriedman | July 22, 2011

July 21, 2011 - The U.S. House of Representatives on Thursday voted 241-173 to pass a bill (HR 1315) that would weaken the newly formed Consumer Financial Protection Bureau.

The bill was supported by members of the financial services industry, including the American Bankers Association, the American Financial Services Corporation, the Mortgage Bankers Association, and the U.S. Chamber of Commerce. The bill was opposed by a collection of unions and consumer groups, including the American Federation of State, County and Municipal Employees, Consumer Watchdog, the Greenlining Institute, the NAACP, and the SEIU.

Methodology: MapLight analysis of campaign contributions to House members in office on day of vote, from interest groups invested in the vote according to MapLight, January 1, 2009 – December 31, 2010. Contributions data source: