CFPB Dual Mandate and Economic Analysis Act

Refocuses the consumer finance regulator’s mission toward strengthening private-sector participation, increasing competition, and enhancing consumer choice, while avoiding government interference or subsidies.

Creates an Office of Economic Analysis inside the agency to review the economic effects of all guidance, orders, rules, and regulations. Its findings must be published, considered before actions are taken, and any disagreement by the Director must be explained. New rules must clearly state the problem they address and include measurable success metrics, including impacts on consumer access and costs.