A top Democrat is demanding that the Consumer Financial Protection Bureau halt a planned reorganization of its Division of Supervision, Enforcement, and Fair Lending (SEFL) until after the presidential election.

Sen. Sherrod Brown (D-Ohio), ranking member of the House Financial Services Committee, said in a letter to CFPB Director Kathleen Kraninger that the planned reorganization – which would strip the Office of Enforcement of some of its authority – should be postponed.

“A reorganization of this magnitude is inappropriate just weeks before an election that will determine whether you continue as Director past January 20, 2021,” Brown wrote.

To read the full article, click here.