House GOP Presses CFPB for More Transparency, Director Cordray Emphasizes Outreach to Industry
January 26, 2012
Richard Cordray, the new director of the Consumer Financial Protection Bureau, this week parried with a key House Republican over disclosure of the agencys regulatory agenda, a lengthy to-do list that was virtually dictated by Congress in the Dodd-Frank Act. Since the onset of the financial crisis, members of Congress have heard from businesses of all sizes that markets ... need certainty. In this regard, the CFPB has failed the test, said Rep. Patrick McHenry, R-NC, chairman of the House Oversight and Government Reform Subcommittee on TARP, Financial Services and Bailouts of Public and Private...