Representative Maxine Waters Representative Maxine Waters, a Democrat from California and ranking member of the House Financial Services Committee. Photographer: Andrew Harrer/Bloomberg

The House next month may consider H.R. 1500, House Financial Services Chairwoman Maxine Waters’s (D-Calif.) play to reverse the changes former Acting Director Mick Mulvaney made at the CFPB, House Majority Leader Steny Hoyer (D-Md.) told colleagues Thursday.

The legislation, which was approved by the committee in a party-line vote, has little chance of passing the Senate.

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David Baumann

 

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