Cordray: CFPB will not define ‘abusive'

Consumer Financial Protection Bureau Director Richard Cordray made another trip to Capitol Hill to discuss his agency's efforts in the first six months since it opened its doors. Republicans on the House Financial Services Committee took the opportunity to question the bureau's structure and oversight accountability. They also quizzed Cordray on how the bureau plans to approach Dodd-Frank's prohibition on abusive acts and practices in the consumer financial services sector.