WASHINGTON — Ethics concerns raised by House lawmakers about Raj Date, the former No. 2 at the Consumer Financial Protection Bureau who left to form his own firm, appear overblown, according to ethics experts and even some of his accusers.

The House Oversight and Financial Services committees raised questions about Date in a letter to the CFPB last week, suggesting he is inappropriately using his inside knowledge about the creation of the bureau's mortgage rules to benefit his company, which will specialize in offering new consumer products.

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