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Read. Follow. Verify.Congressional Hearing: CFPB Semi-Annual Report
Record date · January 1, 2023
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What This Bill Does
This document is the official record of a June 14, 2023, House Financial Services Committee hearing where CFPB Director Rohit Chopra presented the agency's . The hearing served as a formal oversight session for lawmakers to question the Bureau's activities and regulatory actions.
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.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
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.
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.
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- 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
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News Coverage
Follow the record
Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
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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