Although lawmakers were ostensibly supposed to debate ways to overhaul the structure and authority of the Consumer Financial Protection Bureau (CFPB), a hearing Wednesday in a House Financial Services subcommittee was sidetracked by questions over whether the agency should exist at all.

Republicans have introduced four bills that would, among other things, replace the CFPB director with a five-member board, give other regulators more power to overrule the consumer bureau, and delay implementation of its powers until a Senate-confirmed leader is in place.

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