In a move reminiscent of the Consumer Financial Protection Bureau’s leadership battle, two Democratic congressional leaders are questioning whether Federal Housing Finance Agency acting director Joseph Otting might have been appointed illegally.
House Financial Services Committee Chairwoman Maxine Waters and Senate Banking Committee Ranking Member Sherrod Brown are claiming Otting’s appointment undermines the FHFA’s independent status.
Read on for an analysis comparing the FHFA and CFPB leadership battles.
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