In a congressional hearing, Cordray says he does not tell consumers what to do.
The House Financial Services Committee Chairman says reducing regulatory burden on community financial institutions is a priority.
Texas Congressman says CFPB should choose a less costly alternative such as selling the building to the highest bidder.
Groups say measure will go a long way towards helping many Americans become homeowners.
The House reauthorizes the Terrorism Risk Insurance Act, which also guarantees a Federal Reserve Board spot for a community banker, but no credit union parity.
Terrorisim risk insurance reauthorization includes a deal that would put a community banker on the Federal Reserve Board.
Congressmen question DOJ settlement with big banks that encourage donations to 'activist groups.'
Read what four actions the Republican-controlled Senate may take in the next Congress.
Credit unions lose two strong Democratic supporters in Mid-Term elections.
Credit unions are well positioned as Republicans prepare to lead the next Congress.