Guinta: CFPB’s Cordray May Have to Resign After Settlement Fraud Scandal
672 views · Published 2 February 2016 · 3:17 · Indexed 27 October 2026
Channel: One America News Network · 2016 · News & Politics
Member of the House Financial Services Committee Rep. Frank Guinta (R.-N.H.) told One America News reporter Neil W. McCabe amid calls for the resignation of Richard Cordray, the director of the Consumer Financial Protection Bureau, the House Financial Services Committee hosts hearing on the CFPB and its loosening the safeguards in the claims process, in order to cover up its faulty methods in pressing Ally Financial into an $80 million settlement. At the time of the settlement, the CFPB could not name a single individual affected by Ally Financial.
