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Tuesday, March 18, 2014

Hensarling Requests CFPB Open Doors

Jeb Hensarling (R-TX), Chairman of the Financial Services Committee is calling on CFPB Director Richard Cordray to open its advisory group meetings to the public. Hensarling said:

Instead of operating behind closed doors, it’s time for the CFPB to live up to its oft-stated commitment to transparency and openness. In the interest of true, genuine transparency and open government, Director Cordray can and should use ‘Sunshine Week’ to take immediate steps that bring the CFPB into the sunlight.

Cordray has not responded to this statement yet but at a hearing in January, he explained that the advisory group meetings are closed to the public so “we can speak candidly about matters that are not yet public that the Bureau is working on, including things like enforcement actions and the like.”

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