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The Washington PostElizabeth Warren on Thursday made her third trip this year to Capitol Hill to answer questions about her brainchild, the Consumer Financial Protection Bureau, which begins work in a week and still has no permanent leader in place.
For four hours — twice the allotted time — Warren answered questions as the de facto leader of the agency, accepting gushing praise of her work from Democratic members of the House Oversight and Government Reform Committee and fielding critiques from Republicans about the agency’s budget, its salaries and whether it will “kill jobs.”
The appearance followed a heated exchange in May in which Rep. Patrick T. McHenry (R-N.C.) accused Warren of lying to Congress about her role advising state attorneys general seeking a massive settlement with mortgage service providers. Warren has not denied speaking to state officials, some of whom have asked her for advice. McHenry and Warren also argued over the length of the May hearing.
Republicans have repeatedly sought to curb the powers and funding of the CFPB, which was created by a sweeping overhaul of financial regulations that became law last year.
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