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Home » House Committee Threatens CFPB’s Cordray With Contempt
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House Committee Threatens CFPB’s Cordray With Contempt

June 19, 2017
The House Financial Services Committee recently threatened to file contempt charges against CFPB Director Richard Cordray over the agency’s alleged failure to comply with the committee’s request for documentation related to the bureau’s response to the Wells Fargo scandal involving the creation of unauthorized customer accounts. “In response to the committee’s records request, the CFPB did not produce a single internal record related to its Wells Fargo branch sales practice investigation,” the HFSC staff said in a report. Over the course of six months, the bureau only produced 1,010 pages of records, “comprised almost entirely of records easily obtainable” from Wells or the Office of the Comptroller of the Currency, it added. After six months of the CFPB’s “refusal to ...
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