House Republicans aim to limit CFPB's authority

01/19/2012 | Hill, The

House Republicans have introduced a bill in reaction to Richard Cordray's appointment as director of the Consumer Financial Protection Bureau. The legislation would limit the agency's authority as long as it is led by a recess appointee. "No rule, order or other administrative action shall be considered final if the director was appointed during a recess of the Senate and the position of director was vacant while the Senate was in session, until the director has been confirmed by the Senate," according to the bill.

View Full Article in:

Hill, The

Published in Briefs: