Elizabeth Warren, the overseer of the new U.S. consumer-watchdog agency, was back on Capitol Hill for another round of questioning by House Republicans regarding the Consumer Financial Protection Bureau (CFPB).
Warren faced the House Oversight and Government Reform Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs to answer the question, "who is her department accountable to in the federal government?"
The hearing was also designed to review "the oversight mechanisms" of the new agency, which is set to launch on July 21.
The hearing was Warren's second formal appearance before a House hearing relating to the CFPB. Her first meeting in March before the House Financial Services Committee resulted in a session regarding the CFPB's role in the ongoing investigation of the nation’s major servicers.
She said during the March hearing that if CFPB had been operational years ago, "We wouldn't be in the mess we're currently in."