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Cordray, lawmakers discuss QM, advisory opinions and CFPB employee issues
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Banking
Tuesday, July 1, 2014
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Richard Cordray, director of the Consumer Financial Protection Bureau, recently appeared before the House Financial Services Committee to discuss his agency’s latest semi-annual report. Cordray fielded lawmakers’ questions on several topics including the impact of the CFPB’s qualified mortgage rule, allegations of discrimination at the agency and the possibility that the bureau may consider issuing advisory opinions to help regulated industry participants better understand their compliance obligations.Read on to learn what Cordray had to say.
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