House Committee Presses CFPB for Specifics on Disparate Impact
At a meeting of the House Financial Services Committee, committee members press CFPB General Counsel Meredith Fuchs for specifics on the CFPB's methodology for detecting "disparate impact." While Ms. Fuchs did not provide the specifics the committee members sought, the chairman ended his questioning with a zinger in reference to the bureau's own woes with recent news of its employment practices: "You certainly create the impression that you are trying to impose a standard upon others that you are incapable of living under yourself." [4/10]
