WASHINGTON, D.C. – Yesterday, Congressman Blaine Luetkemeyer, Chairman of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, was joined by the Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga and the Chairman of the Subcommittee on Financial Institutions and Monetary Policy, Andy Barr in sending CFPB Director Rohit Chopra a letter questioning the lack of transparency in his public calendar and his unwillingness to meet with American citizens. The letter comes after Director Chopra testified in front of the House Financial Services Committee and claimed to have performed more industry outreach than the Bureau’s previous directors.  That claim is not supported by the Director’s calendar which is published by the Bureau. 

“During your first ten months in office, you met with the financial services industry 28 times. In comparison, Director Cordray met with industry 74 times and Director Kraninger met with industry 47 times in their first ten months at the Bureau,” wrote the Congressman. “In addition, the information you provide to the public regarding meetings is vague and opaque compared to that of your predecessors.”

The full letter can be found HERE.

Background:
Director Chopra has a history of making false statements in front of Congress. In April of 2022 while testifying in front of the Senate Banking Committee, Director Chopra stated that the General Counsel of the Office of the Comptroller of the Currency joined counsel from the CFPB in drafting a memorandum that Director Chopra, current FDIC Director Martin Gruenberg, and Acting Comptroller of the Currency Michael Hsu used to justify their collective actions to undermine the FDIC and usurp then-Director Jelena McWilliams. In a letter to House Financial Services Committee Republicans, Comptroller Hsu stated neither he nor any other member of the OCC staff participated in the construction of the memorandum.