Industry Satisfied With CFPB Despite Republican Hostility

Republicans in Congress have become increasingly belligerent in their campaign against the U.S.’ federal consumer protection regulator, despite a more nuanced picture emerging from the financial industry.

A House of Representatives financial services subcommittee published a report last week criticizing Consumer Financial Protection Bureau (CFPB) director Richard Cordray, accusing him of failing to accede to subpoenas and information requests from lawmakers.

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