Insurers fearing the regulatory reach of a new consumer protection agency can breathe a sigh of relief.

The House Financial Services Committee has voted by a margin of 39 to 29 to create a Consumer Financial Protection Agency (CFPA)—albeit one with a narrowed regulatory scope. Passing by voice vote, an amendment offered by Reps. Gwen Moore (D.—Wis.) and Erik Paulsen, removed insurers from CFPA oversight.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access