Republicans to Investigate $215M Consumer Financial Protection Bureau Renovations

Consumer Financial Protection Bureau Director Richard Cordray

Consumer Financial Protection Bureau Director Richard Cordray / AP


Republicans have asked for dozens of emails regarding the controversial $215 million renovations to the Consumer Financial Protection Bureau headquarters, the HillĀ reports.

House Financial Services Committee Chairman Jeb Hensarling (R., Texas) is demanding "full, unredacted" copies of more than 60 emails between CFPB employees.

Hensarling also seeks information on who approved the renovations.

CFPB has until the end of July to comply with the email requests.

Renovations were expected to cost $55 million when they were first announced in 2010. The price tag increased dramatically with each revision to the project. The Federal Reserve inspector general announced earlier this month that the project would cost $215 million.

CFPB maintains the renovations are necessary and not a waste of taxpayer dollars.