The CFPB hasn’t even been up and running for a full 24 hours and the House of Representatives is already considering bills that could mean big changes for the agency.

The House on Thursday afternoon rejected an attempt by House Democrats to abandon legislation they say would gut last year’s Wall Street reform bill.

Democrats forced a vote on whether the bill, H.R. 1315, should even be considered on the House floor today by arguing that the Republican bill weakens the newly formed Consumer Financial Protection Bureau (CFPB). But as expected, the House voted in favor of continuing on with the bill by a 227-173 vote…

…The bill would turn the leadership of the bureau into a five-person commission rather than a single person, and would also make it easier for CFPB financial regulations to be overturned by an oversight body, the Financial Stability Oversight Council.