The Hill: GOP gets one last shot at Consumer Protection bureau before it opens

by Jeff Sovern

Here.  The article is mostly about Elizabeth Warren's upcoming appearance before the House Oversight Committee on Thursday.  A couple of quotes:

“This hearing will give Professor Warren an opportunity to provide clear information – which has so far not been articulated in public statements, budget justification, FOIA responses, or previous congressional testimony – about how the administration intends to go about protecting consumers,” said an Oversight spokesperson.

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In perhaps a taste of what is to come, Raj Date, the CFPB’s associate director of research, markets and regulations – and a potential candidate for the agency’s director – got his share of GOP grilling at a House Financial Services Committee hearing last week. Date faced several questions from Republicans, yet again, about the CFPB’s role in ongoing settlement negotiations between federal and state investigators and mortgage servicers over widespread documentation problems.

Perhaps the Committee spokesperson should take a look at the Bureau's web site: the spokesperson might see there how the Bureau has already started working on mortgage disclosures.  I wish the Committee would hold itself to its own standards and explain how interrogating Bureau personnel about its role in advising attorneys general helps consumers.

Comments

[Andy]

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