House Republicans on Tuesday pushed Consumer Financial Protection Bureau Director Richard Cordray to be more transparent about the CFPB's regulatory plans and questioned whether questions surrounding how he was appointed would impact the new agency's legitimacy.
Rep. Patrick McHenry, who chairs the House Oversight Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, urged Cordray to publish the bureau's regulatory agenda on a monthly or yearly basis so financial institutions could know what to expect.
Cordray declined to commit but said the bureau's goal is to be as transparent as possible and said he'd work with lawmakers to see if he could accommodate some of their concerns.
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