Responsible Consumer Financial Protection Regulations Act of 2011
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Responsible Consumer Financial Protection Regulations Act of 2011 - Amends the Consumer Financial Protection Act of 2010, (title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act), to replace the position of Director of the Bureau of Consumer Financial Protection with a five-member Commission composed of the Vice Chairman for Supervision of the Federal Reserve System and four additional members appointed by the President, with the advice and consent of the Senate, from among individuals who should want to protect service members and their families who are sacrificing their lives for this country from abusive financial practices.
Prohibits Commission members from engaging in any other business, vocation, or employment.
Requires one member of the Commission to exercise primary responsibility for the Bureau's oversight activities pertaining to protecting consumers, with a focus on consumers who are older, minorities, youth, or veterans, from unfair, deceptive, and abusive lending practices.
Prohibits the Chair of the Commission from making requests for estimates related to appropriations without prior Commission approval.
Supplemental report filed by the Committee on Financial Services, H. Rept. 112-107, Part II.
- Introduced in House Formatted Text PDF Formatted XML
- Reported in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 1121: Responsible Consumer Financial Protection Regulations Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-HR-1121/
"H.R. 1121: Responsible Consumer Financial Protection Regulations Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-1121/.
H.R. 1121, 112th Cong. (2026), https://openamerica.io/bill/112-HR-1121/.
[H.R. 1121: Responsible Consumer Financial Protection Regulations Act of 2011](https://openamerica.io/bill/112-HR-1121/)