H.R. 1500Consumers First Act

7 recorded actions192 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Maxine Waters [D-CA-43]
Cosponsors: 29 · 29 Democrats
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Education and Workforce Committee · and 1 more
Latest action: May 23, 2019 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedMar 5, 2019
Passed the HouseMay 22, 2019
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

Consumers First Act

This bill revises provisions related to the administration of the Consumer Financial Protection Bureau (CFPB).

(Sec. 3) The bill amends all statutory references to the "Bureau of Consumer Financial Protection" to refer instead to the "Consumer Financial Protection Bureau."

(Sec. 5) Specified units, offices, and boards of the CFPB must perform their assigned duties and may not be renamed or reorganized. The bill establishes requirements for staffing levels, political appointees, and the publication of consumer complaints regarding consumer financial products or services.

The bill reinstates specified agreements between the CFPB and the Department of Education regarding the sharing of information and oversight related to federal student loans.

The CFPB rule regarding the use of arbitration agreements in contracts for specific consumer financial products and services is reinstated. This rule prohibits the use of a predispute arbitration agreement to prevent a consumer from filing or participating in certain class action suits. The rule also requires consumer financial product and service providers to furnish the CFPB with particular information regarding arbitrations.

(Sec. 6) The bill specifically states the duties of the Office of Fair Lending and Equal Opportunity (under current law, these are delegated by the CFPB Director). It also adds the duty to implement enforcement and supervisory authority regarding the fair lending laws.

The Office of Students and Young Consumers is established in the CFPB.

(Sec. 7) Membership requirements for the Consumer Advisory Board are revised, including by requiring representatives of service members and veterans. Board meeting requirements are also revised, including by requiring in person meetings and extending the terms of certain board members.

(Sec. 8) The bill also decreases the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)

(Sec. 9) The bill revises the required public disclosures made by a depository institution or a credit union regarding mortgages and home equity lines of credit. Specifically, institutions originating fewer than 500 mortgage loans or open-end lines of credit are no longer exempt from certain financial reporting.

(Sec. 10) The bill limits available exemptions from certain housing mortgage disclosures and prohibits the CFPB from modifying or discontinuing certain mortgage reporting tools.

(Sec. 13) The CFPB must report monthly on fair lending investigations and enforcement actions.

Roll calls on H.R. 15007 roll calls on this measure

Choose a roll call

May 22, 2019Each bar: ✓ Yea from the bottom, ✕ Nay aboveMay 22, 2019

How every member votedHouse roll call 228

House May 22, 2019 · the primary vote

On Passage

Consumers First Act

Passed

231 Yea 191 Nay 9 not voting

Party-line vote No voting member broke with their own party.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members431 members

Democratic234 members

Republican197 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors29 · 29 Democrats

Signing on is not a vote: a member can cosponsor H.R. 1500 and vote against it. 29 signed when it was filed.

Who lobbied on H.R. 150024 organizations

Organizations that named H.R. 1500 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

AMERICANS FOR FINANCIAL REFORM

Banking · Financial Institutions/Investments/Securities · Consumer Issues/Safety/Products · Education +3 more10 filings · 4th Quarter (Oct 1 - Dec 31) 2020Filing

ALLSTATE INSURANCE COMPANYIts PAC: Allstate Insurance Co. PAC

Health Issues · Telecommunications · Copyright/Patent/Trademark · Banking +15 more9 filings · 4th Quarter (Oct 1 - Dec 31) 2020Filing

CONSUMER BANKERS ASSOCIATIONIts PAC: Consumer Bankers Association PAC

Banking9 filings · 4th Quarter (Oct 1 - Dec 31) 2020Filing

CONSUMER DATA INDUSTRY ASSOCIATIONfiled by CONSUMER DATA INDUSTRY ASSOCIATION, RESOLUTION PUBLIC AFFAIRS, LLCIts PAC: Consumer Data Industry Association PAC

Consumer Issues/Safety/Products8 filings · 2nd Quarter (Apr 1 - June 30) 2020Filing

CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA'S CREDIT UNIONSfiled by CREDIT UNION NATIONAL ASSOCIATION. INC. DBA AMERICA'S CREDIT UNIONS

Copyright/Patent/Trademark · Small Business · Banking · Government Issues +6 more8 filings · 4th Quarter (Oct 1 - Dec 31) 2020Filing

DISCOVER FINANCIAL SERVICESIts PAC: Discover Financial Services PAC

Bankruptcy · Banking · Education · Homeland Security +1 more8 filings · 4th Quarter (Oct 1 - Dec 31) 2020Filing

AMERICAN BANKERS ASSOCIATIONIts PAC: American Bankers Association PAC

Taxation/Internal Revenue Code · Telecommunications · Postal · Small Business +14 more7 filings · 4th Quarter (Oct 1 - Dec 31) 2020Filing

VANTAGESCORE SOLUTIONS, LLCfiled by THE LAW OFFICE OF WILLIAM J. DONOVAN

Financial Institutions/Investments/Securities7 filings · 4th Quarter (Oct 1 - Dec 31) 2020Filing

AMERICAN ARBITRATION ASSOCIATION

Financial Institutions/Investments/Securities · Insurance · Agriculture · Disaster Planning/Emergencies +4 more6 filings · 4th Quarter (Oct 1 - Dec 31) 2020Filing

BANK POLICY INSTITUTEIts PAC: Bank Policy Institute PAC

Disaster Planning/Emergencies · Copyright/Patent/Trademark · Science/Technology · Banking +2 more6 filings · 2nd Quarter (Apr 1 - June 30) 2020Filing

120 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.