Jeb Hensarling press exchange over CFPB arbitration rule

House Financial Services Committee Chairman Jeb Hensarling of Texas takes questions from reporters at a news conference to critique a Consumer Financial Protection Bureau dispute resolution rule. Hensarling says the CFPB rule has to be based upon their own study with statistics that show the average recipient get two dollars in an arbitration settled on the merits. Hensarling refers to House passage of the financial choice act to replace Dodd Frank Wall Street Reform Act, the components can go through the reconciliation process as can tax reform, looking for multiple avenues to carry out that policy including appropriations.