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I also hope that the Economic Growth, Regulatory Relief, and Consumer Protection Act makes it to the President's desk soon.
I was particularly encouraged by Vice Chairman for Supervision Quarles' statements in January that the overarching objectives of his agenda are efficiency, transparency, and simplicity of regulation.
I have been encouraged by the statements by both Federal Reserve Chairman Powell and Vice Chairman for Supervision Quarles which they have made about the need to revisit some of the Federal Reserve's existing regulations.
Promoting economic growth remains a top priority for this Congress, and reducing the rate and cost of excessive and unnecessary regulation leads to more jobs and enables a better functioning economy and more consumer choices.
I think this is something that really needs to be done quickly, as has been indicated, and it certainly has benefits not only for Americans but will, I think, benefit people who are sight impaired all over the world.
I was disappointed you took that as your first action.
I think the payday lending rule's purpose is pretty simple, and I think actually most Americans, regardless of side, would agree on this, that lenders should figure out up front whether a borrower is able to pay back a loan.
I think what happened with Equifax is a complete reason why we need a CFPB, a company that was so sloppy with personalized information, 147 million Americans' data exposed.
I respectfully have to disagree with my colleague from Georgia. Having lived through the crisis, having been here and seen the meltdown, I think it was absolutely appropriate to create this agency.
One of the challenges you have is that in Idaho I might drive 500, 600, 700 miles a day. I don't have 4 hours to charge a battery halfway there or a third of the way there two or three times.
I applaud the transparency that you are trying to create there as long as we can maintain that privacy of people's medical records.
What is very clear is that what is happening in Venezuela is not simply a Venezuelan problem, as bad as it is in Venezuela.
As I have studied politics since junior high school, I guess, I understood that it was the legislative branch that wrote the law.
Didn't the Administrator say that that could be kept confidential under the proposal that they are making?
I think there needs to be clarity in the statutes with respect to background levels and exceptional events.
It is your job to carry out the law as passed by Congress.
In my view, it is not wise. I think that the collaboration with the States and localities is really the heart of federalism on these issues.