Tensions reach boiling point at CFPB Director Cordray’s hearing
April 06, 2017 / Source: Housingwire
Both sides of the aisle came to the hearing of Consumer Financial Protection Bureau Director Richard Cordray on Wednesday ready for battle, as this semiannual hearing happened in the midst of controversy around the bureau and Cordray’s position.
After more than five years in office and many times in front of the House Financial Service Committee, representatives have the system down for grilling Cordray, except this time they can draw from more than five years of history of his time at the bureau.
House Financial Services Committee Chairman Jeb Hensarling, R-Texas, and Rep. Maxine Waters, D-Calif., Ranking Member of the Committee on Financial Services, in their opening remarks, set the pace for how the rest of the hearing would play out — divided and politically tense.