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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
4/3/2014--Introduced. Consumer Financial Protection Commission Act of 2014 - Amends the Consumer Financial Protection Act of 2010, title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, to replace the position of Director of the Consumer Financial Protection Bureau (CFPB) with a five-member Commission whose members are appointed by the President, by and with the advice and consent of the Senate.
Prohibits the Chair of the Commission from making requests for estimates related to appropriations without the prior approval of the Commission.