During a hearing examining four requests submitted by acting director Mick Mulvaney in the Consumer Financial Protection Bureau’s 13th semi-annual report to Congress, the House Financial Institutions and Consumer Credit Subcommittee listened to multiple industry leaders’ thoughts on what changes they seek.
Among the ideas discussed were putting the agency under congressional appropriations; requiring legislative approval for major rules; making the director answer to the president before exercising executive authority; and establishing an independent inspector general at the bureau.
Find out what interested parties had to say during and before the hearing.