The war of words over the Consumer Financial Protection Bureau (CFPB) continues. In response to Elizabeth Warren’s interview on CNBC, the House Financial Services Committee issued a press release entitled “FACT CHECK on Elizabeth Warren’s “Powerful Restraints.”
“Elizabeth Warren attempted to push back against criticism that the new agency she is currently leading is ‘too powerful,’” stated the press release. “Unfortunately, in doing so, she made incorrect statements. The Financial Services Committee presents the following information to correct her mis-statements.”
Points of contention between the two parties included the budget of the CFPB and whether the bureau falls under congressional scrutiny.
The fact sheet drew the ire of the Huffington Post’s Ed Mierzwinski, who called it a spin sheet as opposed to a press release.
Related Content
VIDEO: Warren Rebukes Idea that CFPB is Too Powerful
GOP Leader Expresses Concern over Durbin and CFPB
Ex-Treasury Secretary Barr Isn’t Looking to Lead CFPB
Advertisement: Scroll to Continue
Elizabeth Warren’s Written Testimony for House Subcommittee on Work of CFPB
CFPB Enforcement Chief Stresses Role of Attorney Generals in Consumer Protection
Credit Card Regulation Top Priority for New CFPB Enforcement Chief
CFPB’s Elizabeth Warren Meets with Key Religious Leaders
