The House Financial Services Committee turned the tables on theConsumer Financial Protection Bureau, soliciting publicfeedback on the regulator's work.

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The Republican-led committee's website now offers an opportunityto explain through a web formhow the CFPB has impacted consumers and business owners, or how thebureau has affected businesses' customers. Individuals can chooseto share their story publicly or keep it confidential.

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The CFPB frequently encourages consumers to contact the bureauwith their complaints about entities including banks, student loanservicers and credit card companies, and posts them online for thepublic to review.

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“Holding Washington accountable to hardworking taxpayers is anever ending battle. That's especially true when it comes to theBureau of Consumer Financial Protection, the most powerful andleast accountable government agency in all of Washington,” saidChairman Jeb Hensarling (R-Texas) in a statement on Monday.

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“The Financial Services Committee is committed to true consumerprotection. True consumer protection means you not onlyprotect consumers from 'Wall Street' but from Washington aswell. True consumer protection means ensuring consumers haveaccess to competitive, transparent and innovative marketsvigorously policed for fraud and deception. True consumerprotection empowers consumers with greater economic freedom,accurate information, and more choices,” Hensarlingadded.

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The committee said it has been receiving feedback about theCFPB's new mortgage regulations.

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“The committee is already hearing from individuals andorganizations about how the CFPB's first major regulations – its“Qualified Mortgage” rules – will take away homeownershipopportunities for low and middle income Americans,” said acommittee press release on Monday.

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The CFPB criticism comes one day before Director Richard Cordraywill testify before the committee to present the bureau'ssemi-annual report.

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“Clearly this is an attempt by House Republicans to put CFPB onthe defensive, turn the tables. I will be very interested to seethe kinds of response from the public this generates,” saidindustry lobbyist and speaker John McKechnie, a partner with theWashington-based firm Total Spectrum.

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