July 17, 2018

Committee Members Call on Banking Committee to Postpone CFPB Hearing Until Requested Documents are Provided

Administration has Yet to Provide Answers to Requests

WASHINGTON, D.C. – Today, Senate Banking Committee Democrats wrote to Chairman Crapo urging him to postpone Thursday’s Consumer Financial Protection Bureau nomination hearing of Ms. Kathy Kraninger until committee members’ outstanding requests for information have been fulfilled.

Members of the Committee have requested relevant documents and other information in advance of Thursday’s nominations hearing, including:

  • Letter From Senators Brown and Warren
  • Letter From Senators Menendez, Brown, Warren, and Cortez Masto

The letter is signed by Ranking Member Sherrod Brown (D-OH), Jack Reed (D-RI), Robert Menendez (D-NJ), Jon Tester (D-MT), Mark Warner (D-VA), Elizabeth Warren (D-MA), Heidi Heitkamp (D-ND), Joe Donnelly (D-IN), Brian Schatz (D-HI), Chris Van Hollen (D-MD), Catherine Cortez Masto (D-NV), and Doug Jones (D-AL).

 

The full text of the letter can be found here and below:

 

July 17, 2018

 

The Honorable Mike Crapo
Chairman
Senate Committee on Banking, Housing, and Urban Affairs
U.S. Senate
Washington, DC 20510

 

Dear Chairman Crapo:

A number of members of this Committee have requested relevant documents and other information from the Trump Administration in advance of Thursday’s nominations hearing.  To date, the Administration has not responded to these requests.  If we do not receive responsive information in time to review it before Thursday’s hearing, we will not be able to conduct the kind of oversight and questioning that allows the Senate to perform its constitutional role of providing advice and consent.

Accordingly, we respectfully ask that you work with the Trump Administration to provide us with the information and documents that have been requested so that we have sufficient time to review the material before Thursday’s hearing.  If the Administration is unwilling or unable to provide responsive information in a timely manner, we respectfully ask that you postpone Thursday’s hearing on any nominee with outstanding information requests until such time as the information is available.

 

Sincerely,

 

 

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