Poll: Most Voters in Battleground States Support Structural Reforms to CFPB
By a three-to-one margin, voters surveyed in seven key battleground states said they prefer a bipartisan commission over a single director.

WASHINGTON, D.C. — Fifty-eight percent of registered voters in key battleground states say the Consumer Financial Protection Bureau (CFPB) should be run by a bipartisan commission, according to a Morning Consult poll commissioned by the Consumer Bankers Association (CBA), the Independent Community Bankers of America (ICBA), and the American Land Title Association (ALTA).
The poll, which was conducted in Indiana, Maine, Michigan, Missouri, Montana, North Dakota, Ohio, and West Virginia, also found that just 14% of voters prefer that the CFPB remain as is. Results also revealed that three in five voters said a commission would lead to consumer protections that are fairer, more accountable, more representative, and more transparent.
And by a four-to-one margin, voters agreed the bureau should be structured as a commission like the Federal Deposit Insurance Corp, and three-in-five voters believe a commission would make the CFPB fairer (63 percent), more representative (62 percent), more accountable (62 percent), and more transparent (60 percent).
Additionally, 57% of voters polled said the CFPB’s authority to supervise financial institutions, write rules and enforce penalties is too important to be controlled by a single director.
The following are findings by state:
In Indiana, by a 4-1 margin, voters agree the CFPB should be structured as a commission like the Federal Deposit Insurance Corporation.
In Ohio, by a 3-1 margin, voters prefer a bipartisan commission over a single director.
In Maine, 63 percent of voters support establishing a bipartisan commission at the CFPB.
In Michigan, voters said a commission would make the CFPB fairer (62 percent), more representative (63 percent), more accountable (62 percent), and more transparent (60 percent).
In Missouri, voters said a commission would make the CFPB fairer (61 percent), more representative (61 percent), more accountable (62 percent), and more transparent (58 percent).
In Montana, 60 percent of voters support establishing a bipartisan commission at the CFPB.
In North Dakota, by a 4-1 margin, voters prefer a bipartisan commission over a sole director.
In West Virginia, three out of five voters believe a commission would help consumers and small businesses.
“CBA and its members have long championed what the poll results revealed: a bipartisan commission at the CFPB would increase accountability, fairness, and transparency,” said CBA President and CEO Richard Hunt. “With the 2018 elections coming up, members of Congress in key battleground states may find these results useful, as voters, regardless of party affiliation, believe the best way forward for consumers and small businesses is through a commission made up of a diverse and bipartisan group of experts similar to that of the FDIC.”
More Compliance

Dueling Banjos in the Car Biz
Reports and accounts at variance show auto dealers’ trust profiles have risen in many consumers’ minds but that there remains a need for greater transparency by some.
Read More →
NADA and the Miracle on 34th Street
Automotive dealers should follow the National Automobile Dealers Association's consumer-friendly guidelines in order to minimize their legal risks.
Read More →
Another Look at a Recent Data Breach
Get caught up on the most pressing legal and regulatory matters facing dealers and F&I professionals, including data security, shotgun purchases, and inconsistent payment quotes.
Read More →

The Best Thing a Dealer Can Do to Avoid Legal Problems
Citing the issue is a strategy borrowed from the legal field itself.
Read More →
Fines of the Times
Civil penalties for noncompliance with federal auto retail and finance rules and regulations can add up quickly. Use this checklist to cover your bases.
Read More →
Goodwill and Car Dealers
A dealer goodwill tale is a cautionary tale worth paying attention to.
Read More →
The Regulatory Empire Is Striking Back
President Trump - entropist and corporate disruptor in consumer law
Read More →
How to Clear a Red Flag
Refine and enforce your dealership’s FTC-mandated ID theft-prevention program to ensure no transaction goes awry.
Read More →
