``Hensarling said on Monday that he would not allow Cordray to testify in the wake of a controversial federal appeals court ruling earlier this year that overturned several recess appointments President Obama made to the National Labor Relations Board the same day he appointed Cordray as head of the CFPB. Cordray was not involved in that lawsuit, but Hensarling argued has that the panel will not hear from Cordray because the agency has "no valid director." Cordray testified before the Senate Banking Committee on Tuesday.''

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