The CFPB is unaccountable to the President, because the director can only be removed for cause.
Editor's note · Context
Hensarling explains the lack of accountability of the CFPB to the President.
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Mr. Speaker, I yield 1 minute to the gentleman from California (Mr. Sherman), a senior Democrat on the committee and the lead sponsor of the bill.
Mr. Speaker, I yield 1\1/2\ minutes to the gentleman from New Jersey (Mr. MacArthur), who is also the author of the legislation for the reauthorization bill before us. Mr. MacARTHUR. Mr. Speaker, I spent about 30 years in the insurance…
I think when decisions like this are made they probably should be made with the Legislative Branch of the Government because the issues are too significant for one human being on the planet.
Mr. Speaker, may I inquire how much time I have remaining. The SPEAKER pro tempore. The gentleman from Texas has 1 minute remaining.





