House Financial Services Committee Chairman Rep. Jeb Hensarling (R-Texas) is among several Republicans calling for an overhaul of the Dodd-Frank Act and the removal of Consumer Financial Protection Bureau Director Richard Cordray.
Hensarling reiterated his opposition to the law and the bureau’s structure during recent recorded interviews. His views echo those expressed in a letter drafted by congressional Republicans, which called for Cordray’s dismissal and said the president has the power to ignore any statute he believes to be unconstitutional. Read on to learn more about what has been said.