Two members of the House Committee on Financial Services, each of whom chairs a subcommittee, have sent a letter to Director Cordray asking a series of questions about the CFPB’s intended approach to rulemaking. Authored by Randy Neugebauer, Chairman of the Subcommittee on Oversight and Investigations, and Shelley Moore Capito, Chairman of the Subcommittee on Financial Institutions and Consumer Credit, the letter was sent on March 29 as a follow-up to Director Cordray’s testimony on the same date to the full Committee.… Continue Reading