mr. posey: thank you, mr. chairman. director cordray, it's no secret i'm still a little apprehensive about the cfpb. you know, i'm trying to -- mr. cordray: i'm trying to help you get through that. mr. posey: despite the great feeling -- sounding name, the consumer financial protection bureau, that sounds great, it's going to be just another way to oppose political enemies and bully law-abiding citizens like lois lerner and the i.r.s. for example. i'd like to think that other agencies like the i.r.s. already do enough of that. one of the many, many reasons that made me feel that way is your opposition to my proposed legislation which would allow businesses and individuals to ask whether a particular transaction complies with your rules. otherwise they may be left playing a guessing game as to how the cfpb might react or act toward what they are doing or not doing. do you think it's important for the bureau to communicate with the companies they regulate? mr. cordray: we do all the time. all the

mr. posey. mr. posey: thank you, mr. chairman. director cordray, it's no secret i'm still a little apprehensive about the cfpb. you know, i'm trying to -- mr. cordray: i'm trying to help you get through that. mr. posey: despite the great sounding name, the consumer financial protection bureau, that sounds so wonderful, that it's going to be just another way to oppose political enemies and bully law-abiding citizens like lois lerner and the i.r.s. for example. i'd like to think that other agencies like the i.r.s. already do enough of that. one of the many, many reasons that made me feel that way is your opposition to my proposed legislation which would allow businesses and individuals to ask whether a particular transaction complies with your rules. otherwise, they may be left playing a guessing game as to how the cfpb might react or act toward what they are doing or not doing. do you think it's important for the bureau to communicate with the companies they regulate? mr. cordray: we do all the

the chair now recognizes the gentleman from florida, mr. posey. >> thank you, mr. chairman. director mr. chairman, director cadre, it's no secret that i'm still a little bit apprehensive about the cfpw. >> i-- cfpb. >> i'm trying to help you get through that. >> despite a great sounding name, consumer financial protection bureau, it sounds wonderful, but it's just going to be another government entity that will be used to punish political enemies and bully law-abiding citizens like lois learner and the irs, for example. i like to think that that's the last thing we need. that congress and other agencies like the irs already do enough of that. one of the many, many reasons that we don't time to go into today that make me feel that way is your opposition to my proposed legislation which would allow businesses and individual s to ask whether a particular transaction complies with your rules. otherwise they might be left playing with a guessing game as to how the cfpb might react or not react to what they are doing or not doing. do you think it's important for the bureau to comm