HousingWire reports the American Bankers Association (ABA) told the House Financial Services Committee that the new Consumer Financial Protection Bureau (CFPB) needs the checks and balances of a commission to head the massive agency instead of just the director.  Speaking for the ABA, Leslie Anderson, of Bennington Bank in Nebraska, said a commission would provide a broadened perspective when making decisions that concern the entire mortgage market.  She also says consumer protection should be within the same agency as financial institutions.  “It is an inescapable fact that fair service to our banking customers is inseparable from sound management of our banking business,” noted Anderson.  Her concern is that regulators in the past did not provide sufficient oversight concerning non-bank financial institutions.  Elizabeth Warren, the anticipated director of CFPB, told Bloomberg News the agency will be transparent like other government agencies.  Rep. Spencer Bachus (R.Ala.) introduced a bill to make the director a commission instead of a single individual.