Director Cordray is scheduled to appear before the Senate Banking Committee on April 7, 2016 for a hearing entitled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” (The CFPB’s most recent Semi-Annual Report is the report issued in November 2015 covering the period from April 1, 2015 through September 30, 2015.)
Director Cordray is expected to receive questions on a broad range of CFPB initiatives, particularly the CFPB’S anticipated proposed rule on payday and other small-dollar, high-rate loans and its enforcement actions against auto finance companies for alleged discriminatory practices.