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The House Committee on Financial Services will hold a hearing tomorrow to receive the Semi-Annual Report of the CFPB and Director Cordray’s testimony on the report. CFPB Director Cordray is scheduled to be the only witness.

Director Cordray testified before the Senate Committee on Banking, Housing and Urban Affairs last week on the CFPB’s semi-annual report, and we expect the House Committee’s hearing to cover similar topics, including the CFPB’s data collection practices, the CFPB’s proposed rule for prepaid cards, and the CFPB’s headquarters renovation budget.… Continue Reading

On Tuesday, June 10, the House Financial Services Committee held a markup to discuss several bills designed to promote greater transparency and accountability at the CFPB.  In his opening statement, Chairman Hensarling characterized the CFPB as a “uniquely unaccountable agency,” and emphasized that “regardless of how noble a purpose an agency may have, it does not mean that it is not in need of accountability and transparency.”… Continue Reading

The House Financial Services Committee will hold a markup this Tuesday, June 10. The full Committee will meet to discuss several bills, including some relating to the CFPB that were discussed at the Committee’s last hearing on “Legislative Proposals to Improve Transparency and Accountability at the CFPB.” The Committee will consider and mark up the following CFPB-related bills:

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On Wednesday of last week, the House Committee on Financial Services held a hearing entitled “Legislative Proposals to Improve Transparency and Accountability at the CFPB” to examine bills and discussion drafts of potential bills that are designed to promote greater transparency and accountability at the CFPB. In addition to the three witnesses that were scheduled to appear, Ed Mierzwinski of US Public Interest Research Group (US PIRG) also testified before the committee.… Continue Reading

On Wednesday of last week, the House Financial Services Committee held another hearing on alleged CFPB employee discrimination. At the hearing, which was titled “Allegations of Discrimination and Retaliation within the Consumer Financial Protection Bureau, Part Two,” Committee members questioned CFPB witnesses who had been subpoenaed after declining to attend the first hearing in April.… Continue Reading

According to a Politico report, a CFPB spokesman has said that the two invited CFPB representatives will not be participating in the hearing scheduled for this Wednesday, April 2 by the House Financial Services Committee’s Subcommittee on Oversight and Investigations.

Entitled “Allegations of Discrimination and Retaliation within the Consumer Financial Protection Bureau,” the hearing is expected to include testimony from a CFPB employee who alleged she experienced gender discrimination and retaliation for filing an Equal Employment Opportunity complaint with the CFPB’s Human Capital Office. … Continue Reading

Tomorrow, the House Financial Services Committee will conduct a hearing entitled “The Semi-Annual Report of the Consumer Financial Protection Bureau.”  CFPB Director Cordray is the only scheduled witness. 

The CFPB’s fourth Semi-Annual Report was issued in November 2013.  Based on the Committee’s hearings on previous Semi-Annual reports, the report itself is likely to receive little mention during the hearing. … Continue Reading

The House Financial Services Committee has approved a series of six bills that would make structural and other changes to the CFPB.  Unfortunately, this will probably amount to no more than a “feel good” exercise for House Republicans.  Assuming the bills are passed by the House, they can be expected to meet with defeat in the Democratic-controlled Senate. … Continue Reading

The Subcommittee on Financial Institutions and Consumer Credit of the House Financial Services Committee has rescheduled the hearing entitled “Examining Legislative Proposals to Reform the Consumer Financial Protection Bureau.”  Previously scheduled for last week, the hearing is now scheduled for tomorrow, October 29, 2013, at 3 p.m. EST. 

The following witnesses are scheduled to appear:

  • Mr.
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