Democrat members of the House Financial Services Committee say the April 2 hearing belongs in court, not Congress. Republicans disagree.
Lawmakers schedule a hearing and request personnel records in response to claims of CFPB discrimination against employees.
New CFPB study says more than 80% of payday loans are rolled over within 14 days. Study also says one in five payday borrowers collect monthly public benefits.
Financial Services chair points out CFPB's promises to be more transparent in call for advisory councils to be open to the public.
Purchase mortgages are down 15% from MBA forecasts, but this winter's inclement weather is at least partly to blame.
Consumer bureau releases report showing recovered funds in response to financial services complaints from service members.
CFPB Director Richard Cordray said credit unions should not let anything get in the way of serving their members.
WASHINGTON — CUNA President/CEO Bill Cheney also tells GAC he has never been more optimistic for the credit union industry.
CEO Adams said the Durbin Amendment sent billions in interchange to retailers, but financial institutions still bear risk and cost of breaches.
Director Richard Cordray said Dodd-Frank requires additional reporting, and CFPB is considering its own new requirements.