The massive tax overhaul bill will go to the House and Senate floors next week, where it's expected to pass.
The council argues granting the agency such control would help streamline state and federal regulation.
States are looking to take up consumer enforcement efforts if the CFPB pulls back on its enforcement.
The NCUA board approves rules to eliminate the Office of Small Credit Union Initiatives.
The bill is the latest shot in the battle between committee Republicans and the agency over the risk-based capital rule.
CUNA files a brief stating Mick Mulvaney is "constitutionally entitled" to act as the CFPB's leader.
“Mr. Mulvaney has no more right to lead the agency than Santa Claus,” attorneys say in the CFPB court filing.
“We have known, and warned about, this risk for some time,” Metsger said, “but the bill is about to come due."
ICBA makes another push to dismantle credit union tax exemption as the tax bill isn't finalized.
The succession debate at the CFPB has turned into a huge kerfuffle, producing winners and losers.