Republicans attack consumer financial watchdog as they push for his firing
Republicans attack consumer financial watchdog as they push for his firing
Jim Puzzanghera Contact Reporter 4-5-17
The chairman of a powerful House committee welcomed the nation’s top consumer financial watchdog to a hearing Wednesday by expressing surprise he showed up, and hoped he never does so again.
The nearly five hours of questioning that followed marked a new level of hostility in the sharply partisan battle over a controversial agency.
“I believe the president is clearly justified in dismissing you and I call upon the president … to do just that, and to do it immediately,” Rep. Jeb Hensarling (R-Texas) told Richard Cordray, director of the Consumer Financial Protection Bureau.
Republicans on the House Financial Services Committee addressed Cordray like prosecutors as they targeted the head of an independent agency they have opposed since its creation in 2010 and which played a key role in sanctioning Wells Fargo & Co. for its fake accounts scandal.
http://www.latimes.com/business/la-fi-cfpb-cordray-hearing-20170405-story.html
