H.R. 10184

Consumer Financial Protection Accountability and Reform Act of 2026

Sponsor: Andy Barr

30 cosponsors
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I Reforming Bureau Governance

II Restoring Legal Clarity and Procedural Fairness

III Promoting Innovation in Consumer Financial Markets

IV Promoting Effective, Predictable Supervision

Sec. 403. Financial regulatory coordination and accountability

(a) Enhanced interagency coordination in rulemaking

(1) In general. Section 1022(b) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5512(b)) is amended—

(A) in paragraph (2), by amending subparagraph (B) to read as follows:

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(B) the Bureau shall consult with the appropriate prudential regulators and State financial regulators and appropriate Tribal regulatory authorities, subject to paragraph (5), or other Federal agencies prior to proposing a rule; and

; and

(B) by adding at the end the following:

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(5) Solicitation of comments from prudential regulators and State regulators

(A) In general. Prior to issuing a notice of proposed rulemaking that impacts insured depository institutions and insured credit unions, the Bureau shall provide the proposed rule to, and accept written comments from—

(i) each prudential regulator;

(ii) the Conference of State Bank Supervisors, or a comparable organization representing State banking regulators;

(iii) the National Association of State Credit Union Supervisors, or a comparable organization representing State credit union supervisors;

(iv) each organization representing State financial regulators that license providers of consumer financial products or services; and

(v) appropriate Tribal regulatory authorities, or an organization representing such authorities.

(B) Comments. With respect to a proposed rule received under subparagraph (A)—

(i) each prudential regulator shall provide written comments to the Bureau on such proposed rule, including on the potential impact of the proposed rule on the safety and soundness of insured depository institutions and insured credit unions;

(ii) the entities described in clauses (ii) through (v) of subparagraph (A) are encouraged to provide written comments to the Bureau, to the extent the proposed rule impacts them or the institutions they represent.

(C) Publication of comments. The Bureau shall publish in the rulemaking docket all written comments received pursuant to subparagraph (B) concurrently with the issuance of the notice of proposed rulemaking.

(D) Response to interagency comments. Each notice of proposed rulemaking issued by the Bureau shall include a detailed, written response to any substantive issues raised in comments submitted pursuant to subparagraph (B), including—

(i) a description of any changes made to the proposed rule in response to such comments; and

(ii) an explanation of the Bureau’s reasons for not adopting any recommendation made by an entity described in clauses (ii) through (v) of subparagraph (A).

(E) Minimum comment period. The Bureau may not issue a notice of proposed rulemaking until the expiration of a period of not fewer than 60 days after providing the proposed rule to regulators pursuant to subparagraph (A).

(F) Coordination with small business review. Nothing in this paragraph shall be construed to require the Bureau to complete the consultation or comment process required under this paragraph before commencing or conducting any process required under section 609(b) of title 5, United States Code. To the maximum extent practicable, the Bureau shall conduct the processes required under this paragraph and such section 609(b) concurrently.

(b) Formalized coordination for enforcement actions

(1) In general. Subtitle E of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5561 et seq.) is amended by adding at the end the following:

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1059. Interagency coordination on Bureau enforcement actions against depositories

(a) In general. Prior to initiating any civil action, administrative proceeding, or entering into any consent order against an insured depository institution or an insured credit union, the Bureau shall—

(1) provide advance written notice of the contemplated action to—

(A) the appropriate prudential regulator; and

(B) any relevant State regulator; and

(2) provide such regulators with a reasonable opportunity to provide the Bureau with views and recommendations on such contemplated action; and

(3) consider such views and recommendations in good faith before undertaking such contemplated action.

(b) Avoidance of duplication and conflict. The Bureau shall, to the maximum extent practicable—

(1) avoid duplicative enforcement actions;

(2) avoid remedies that conflict with actions taken by a prudential regulator or State regulator; and

(3) coordinate the timing and scope of any action described in subsection (a) to minimize regulatory burden.

(2) Clerical amendment. The table of contents in section 1(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by inserting after the item relating to section 1058 the following:

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Sec. 1059. Interagency coordination on Bureau enforcement actions against depositories.

(c) Rule of application. Section 1059 of the Consumer Financial Protection Act of 2010 shall apply to a civil action or administrative proceeding that is initiated, or a consent order that is entered into, on or after the date of enactment of this Act.

V Preventing Regulation by Enforcement