Rep. Patrick McHenry (R-NC), chairman of the House Oversight TARP subcommittee, is planning on grilling Elizabeth Warren this afternoon, alleging that she may have misled Congress in previous testimony. According to Politico, McHenry is expected to boast the CFPB’s “virtually unchecked” power.

McHenry will say: “Professor Warren testified that the Bureau’s role in ongoing mortgage settlement negotiations was limited to ‘advice.’ Since her testimony, however, Congress received evidence that Professor Warren and the Bureau were deeply involved in the negotiations. …The emergence of the bureau’s ‘Settlement Presentation,’ and the fact that Professor Warren has been in dozens of meetings with federal and state officials about these settlements raises concerns about the veracity of her testimony.” http://politi.co/kUE1Sa