Press Release
Oversight, Financial Services Looking at CFPB Employees Profiting from Mortgage Rules
WASHINGTON – House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., and House Financial Services Chairman Jeb Henserling, R-Texas, sent a letter yesterday to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray about concerns that senior employees have left CFPB in order to profit from the very rules they helped create.
“Simply put, it appears that former CFPB employees are now offering financial ...