Elizabeth Warren’s (D-MA) brainchild, the Consumer Financial Protection Bureau (CFPB), is once more under fire from members of Congress in both the House and Senate. The CFPB’s Director, Rohit Chopra, has been the subject of a couple of notable Congressional grilling sessions.
In our first clip, Representative Ann Wagner (R-MO) takes Mr. Chopra to task over fees charged by the CFPB. (Relevant portion starts at 2:03:15.)
https://www.youtube.com/watch?v=live
Rep. Wagner, after stating that the CFPB is encouraging persistent debt and encouraging consumers to pay late, hit Mr. Chopra on fees charged by CFPB:
As part of the fee schedule charged by CFPB, for a FOIA (Freedom of Information Act) request charges $23 for 15 minutes or $92 per hour, if professional staff conducts a search for information, which may be a rate set by the Office of Management and Budget. $92…
