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Weekend Must Reads

| Posted in Member Corner

George Will: Courts and Congress give Obama adult supervision Rep. Jeb Hensarling (R-Tex.), chairman of the Financial Services Committee, has told Richard Cordray not to bother. This is part of the recent evidence that government is getting some adult supervision. Barack Obama used a recess appointment to make Cordray director of the Consumer Financial Protection Bureau. But a…

Weekend Must Reads

| Posted in Member Corner

Wall Street Journal’s Mary Kissel: Disdain for the Courts The House Financial Services Committee disinvited Consumer Financial Protection Bureau chief Richard Cordray from testifying Tuesday, noting President Obama's non-recess, recess appointment of Mr. Cordray and a January D.C. Circuit Court of Appeals decision, Noel Canning v. NLRB, that invalidated other…

Committee Will Follow the Law on CFPB Testimony

| Posted in Member Corner

  Chairman Jeb Hensarling announced this week that the committee cannot legally accept testimony from Richard Cordray on the Consumer Financial Protection Bureau’s (CFPB) semi-annual report until he is legally installed as the CFPB Director.  However, the committee will continue to conduct rigorous oversight of the CFPB, and has already invited CFPB officials to…