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Tuesday, April 23, 2013

CFPB’s Cordray to Testify Today

CFPB Director Richard Cordray will testify before the Senate Banking Committee today at 10 a.m. Cordray will present the CFPB’s semi-annual report to Congress.

Rep. Jeb Hensarling (R-Texas), chairman of the House Financial Services Committee, informed Cordray yesterday that he would not be invited to give his report to the House panel until legal questions of the validity of Cordray’s appointment are resolved.

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