Oversight Report Predicts CFPB Will Severely Constrain Credit
December 21, 2012
House Oversight and Government Reform Committee Chairman Darrell Issa, R-CA, and Financial Services Subcommittee Chairman Patrick McHenry, R-NC, released a harshly critical report of the CFPB, asserting the bureaus structure and mandate will dry up credit for large swaths of the American people. At a time of prolonged economic strain, American consumers can ill-afford such an unaccountable, unresponsive and all-powerful financial regulator, the report began. The document also cited a Federal Deposit...