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Tuesday, January 28, 2014

House Committee Seeks CFPB Feedback

 The House Financial Services Committee is seeking feedback on consumers’ and businesses’ experiences with the Consumer Financial Protection Bureau. With CFPB Director Richard Cordray scheduled to testify before the committee today, the committee said that consumers and businesses may be at risk from the bureau’s mortgage rules and expansive data collection efforts.

“The CFPB is adding piles of new, burdensome regulations on job creators, making it harder for them to grow their businesses, create jobs and meet the needs of their customers,” the committee said. Individuals or businesses complaining about the CFPB may select to keep their submissions private during the reporting process.

Submit feedback on the CFPB.