To amend the Federal Deposit Insurance Act to replace the Director of the Bureau of Consumer Financial Protection with the Chairman of the Board of Governors of the Federal Reserve System as a member of the Board of Directors of the Federal Deposit Insurance Corporation.
Amends the Federal Deposit Insurance Act to remove the Director of the Consumer Financial Protection Bureau (CFPB) from membership on the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and substitute the Chairman of the Board of Governors of the Federal Reserve System (or a designee).
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