House Bill H.R. 5983, currently title the “Financial CHOICE Act of 2016,” cleared a hurdle on December 20, 2016 when it was discharged by several House Committees and placed on the “Union Calendar” (the point in the legislative process in which any bill containing provisions related to the expenditure of public funds is reviewed by the Whole House). In addition to amending Dodd-Frank, the Bill seeks to amend the Consumer Financial Protection Act of 2010 by restructuring/replacing the sole CFPB director with a bipartisan commission, increasing oversight by subjecting the CFPB to the congressional appropriations process and expanded judicial review, and limiting the Bureau’s authority to take action for what it deems an “abusive” practice. While the amendments proposed by H.R. 5983 are a way from becoming law, it appears changes, based both on this Bill as well as recent case law, changes are afoot for the CFPB.