Ever since Rep. Jeb Hensarling (R-Texas) and Rep. Maxine Waters (D-Calif.) were named the chairman and ranking member of the House Financial Services Committee late last year, Capitol Hill observers have waited for the two members of Congress and their polar opposite ideologies to clash publicly.
That day came April 22 when the two sparred over the legitimacy of CFPB Director Richard Cordray and his ability to testify before the group.
Hensarling threw down the gauntlet when he announced in letters to Consumer Financial Protection Bureau leaders that Cordray won't be allowed to testify until confirmed by the Senate. The committee was expected to call Cordray to a hearing in coming weeks, as it has before, to present the CFPB's semi-annual report to Congress.
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