06/01/2011
https://congress.gov...
"I raised this last April about regulation-by-press-release. In your first 6 months, you issued 49 press releases."
"So, you would tell folks who look at new guidance that was issued maybe this morning, that has no new force of law, no new obligation on them, that it is just guidance?"
"But I just want to close here. So in your view, guidance is not legally binding. Is that true?"
"It is obvious that the CFPB's lack of transparency is of grave concern."