American Banker Reports House Financial Services Chair Jeb Hensarling Resumes Attacks on CFPB

by Jeff Sovern

Here.  According to the story, Representative Hensarling called the CFPB "Orwellian-titled."  So I guess he doesn't think the Bureau actually protects consumers (or maybe he thinks it isn't really a bureau).  I would love to hear Representative Hensarling's reasoning on that one.  Does he believe, for example, that clearer disclosures are harmful to consumers?  Or that barring lenders from making mortgages to consumers who can't repay them is bad for consumers?