CFPB Head Backs Agency Amid GOP Onslaught

Law360, New York (November 2, 2011, 3:15 PM EDT) -- The acting head of the Consumer Financial Protection Bureau defended the structure and function of the fledgling agency on Wednesday in response to House Republicans' continued criticism that it lacks sufficient oversight.

At a hearing before the House Financial Services Committee's financial institutions and consumer credit subcommittee, CFPB acting head Raj Date detailed the agency's accomplishments during its first 100 days, including its examination of large banks, clarification of certain mortgage documents and student loans, and appointment of chiefs to lead new offices supporting older Americans...
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