CFPB director defends agency to Republican senators

The Hill reports:

The head of the Consumer Financial Protection Bureau defended its record Thursday to critical Republican senators, who charged it with preferring punitive action over transparent rules and stifling the country’s credit market through unaccountable actions.

CFPB Director Richard Cordray told the Senate Banking Committee that the agency's actions to crack down on allegedly discriminatory auto loans and predatory lending were helping the economy and consumers, not limiting access to financial products.

The full article is here.

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