House Republicans asked tough questions of Richard Cordray about his plans for running the Consumer Financial Protection Bureau, but the session wasn't as hostile as it was when Elizabeth Warren testified.
At a Jan. 24 hearing of the House oversight subcommittee on TARP, financial services and bailout of public and private programs, the panel's Republican members urged Cordray to be more transparent about the bureau's regulatory plans. Some also questioned whether the controversy surrounding how he was appointed would impact the legitimacy of the bureau's decisions.
Subcommittee Chairman Patrick McHenry (R-N.C.) strongly recommended that Cordray publish the bureau's regulatory agenda on a monthly or yearly basis so financial institutions could know what to expect.
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