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Tag Archives: hearing

Financial Services Committee Holds Semi-Annual CFPB Hearing

On Wednesday, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray testified before the Financial Services Committee in a hearing titled “The 2016 Semi-Annual Reports of the Bureau of Consumer Financial Protection.” In his prepared remarks, Cordray defended the role of the CFPB, especially given the current debate surrounding the Bureau.

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Questioning the Constitutionality of the CFPB

The goal of a recent Committee on Financial Regulations hearing was “examine the unconstitutional structure of the CFPB and how it has yielded unaccountability to Congress and the executive branch.” Additionally, the committee looked at ways in which the bureau may be restructured in order to make the Bureau more Constitutional and more accountable.

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