Saying she is “executing a fatally flawed plan,” the lawmaker in charge of overseeing the new consumer agency asked point person Elizabeth Warren four pages of organizational and policy questions on the new consumer bureau.

Rep. Randy Neugebauer (R-Texas) asked Warren, who is coordinating the set up of the Consumer Financial Protection Bureau before it begins operating in July, to explain which policies “are in place to avoid potential duplicative, conflicting or overlapping rulemakings that are currently under way, but will ultimately be under the regulatory authority of the CFPB?”

He also asked Warren how the new bureau plans to evaluate the impact of its regulatory efforts so as to “avoid the over-regulation that might stifle financial innovation and leave some market participants worse off.”

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.