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 testify at an upcoming hearing on the agency’s new Qualified Mortgage rule. Chairman Hensarling explains why the committee cannot receive the CFPB’s semi-annual report from Cordray in the video above.
