Congressional Hearing: CFPB Semi-Annual Report
January 1, 2023
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Finance Connection
| Candidate | Donor | Amount | Industry | Date |
|---|---|---|---|---|
| FRIENDS OF ANDY BARR COMMITTEE | CLEMENTI, CHRISTOPHER | $17,000 | CEO | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | CLEMENTI, MICHAEL S | $17,000 | PRESIDENT | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | PATRICOFF, HAROLD JR. | $10,000 | ATTORNEY | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | PATRICOFF, NELEA | $10,000 | - | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | CLEMENTI, JUSTIN | $10,000 | VICE PRESIDENT | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | ABRAMOWITZ, KENNETH | $1,000 | RETIRED | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | AMERICAN MARITIME OFFICERS VOLUNTARY POLITICAL ACTION FUND | $1,000 | - | Mar 2026 |
Reported financial relationships and timing signals. This does not prove motive or influence. Readers draw their own conclusions.
The Frame
The hearing provides a public record of the CFPB's regulatory priorities and the specific concerns raised by members of Congress regarding the agency's oversight of financial products and services.
Potentially affected actors named in the source documents. Mention is not a position.
Consumer Financial Protection Bureau
The agency is required to present its semi-annual report and respond to congressional inquiries regarding its operations.
Financial Services Industry
Industry trade groups submitted statements to the committee, reflecting their interest in the Bureau's regulatory and rulemaking activities.
Last recorded activity January 1, 2023.
Next step not available in the current record.
Summary
Key Facts
- The hearing took place on June 14, 2023, in the Rayburn House Office Building.
- Rohit Chopra, Director of the CFPB, appeared as the primary witness to discuss the Bureau's semi-annual report.
- The hearing was conducted by the U.S. House Committee on Financial Services, 118th Congress.
- The record includes extensive written responses from Director Chopra to questions submitted by 15 different members of the committee.
- The appendix contains formal statements from industry groups including the Association of Credit and Collection Professionals, the Consumer Bankers Association, and the Credit Union National Association.
- The record includes a specific letter from Representatives Barr and Huizenga regarding Freedom of Information Act (FOIA) requests directed to the CFPB.
Frequently Asked Questions
What is the purpose of this hearing?
Where can I find the Director's responses to specific questions?
Why It Matters
The hearing provides a public record of the CFPB's regulatory priorities and the specific concerns raised by members of Congress regarding the agency's oversight of financial products and services.
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Extensive Written Oversight
The document contains a high volume of written responses to questions for the record, indicating significant follow-up activity between the committee and the agency.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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