Wade Henderson, President and CEO of The Leadership Conference and the Joseph L. Rauh, Jr. Chair of Public Interest Law, co-wrote an editorial in The Hill with Michael Calhoun, president of the Center for Responsible Lending, arguing for the financial independence of the Consumer Financial Protection Bureau.
Prof. Henderson writes, "The financial crisis wrought by bad lending practices brought the near collapse of our financial system, and it revealed flaws in our markets. CFPB should be allowed to do its job of helping our markets work better through establishing greater transparency and common sense rules of the road. Responsible businesses and our nation’s families need nothing less. "