FILE - Consumer Financial Protection Bureau Director Richard Cordray testifies on Capitol Hill in Washington, in this Jan. 31, 2012 file photo, before the Senate Banking Committee

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FILE - Consumer Financial Protection Bureau Director Richard Cordray testifies on Capitol Hill in Washington, in this Jan. 31, 2012 file photo, before the Senate Banking Committee hearing on "Holding the CFPB Accountable. The government's consumer lending watchdog proposed new rules Friday Aug. 10, 2012aimed at protecting homeowners from unexpected costs and shoddy service by companies that collect their monthly mortgage payments. (AP Photo/J. Scott Applewhite, File) less