House GOP Bars Testimony From CFPB Director Cordray

Law360, New York (April 22, 2013, 8:37 PM EDT) -- A top House Republican on Monday barred Consumer Financial Protection Bureau Director Richard Cordray from testifying on the agency's behalf, arguing that Cordray's recess appointment was unconstitutional and the CFPB currently has no valid director.

House Financial Services Committee Chairman Jeb Hensarling, R-Texas, said in a letter to Cordray that the D.C. Circuit's January decision in Noel Canning v. National Labor Relations Board, which found President Barack Obama's recess appointments to the labor board were unconstitutional, applied to the CFPB director as well.

Because President Obama...
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