Chipping Away at The CFPB’s Clandestine Activities

May 4, 2015

Law360 ran an article that originally published as an April 16 blog post by McGuireWoods attorneys Matthew Orso and Joshua Davey. In the article, the authors discuss a common complaint against the Consumer Financial Protection Bureau (CFPB) – that it wields too much power without sufficient accountability – and they evaluate a possible solution to this problem. The U.S. House of Representatives recently passed a bill that would subject the CFPB to the requirements of the Federal Advisory Committee Act, which requires that committee and subcommittee meetings be open to the public.

Published on May 4 under the title “Chipping Away At The CFPB’s Clandestine Activities,” the Law360 article is available to subscribers at The piece originally ran as a Subject to Inquiry blog post that is still available online: “Rogue Agency or Champion of Consumers? House Votes for CFPB Transparency.”