WASHINGTON — Consumer Financial Protection Bureau Director Richard Cordray was raked over the coals by House Republican lawmakers on Wednesday over a variety of issues, including its data collection efforts and allegations of employee discrimination.

But he also used his appearance at the Financial Services Committee's semiannual look at the CFPB's budget to offer an update on new rules for prepaid cards and a study expected soon on fair lending issues related to indirect auto loans.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.