Richard Shelby actually said...

"Do you disagree that if the statute is clear, unambiguous, that you cannot change that statute by rule?"

"Dodd-Frank granted the Bureau the power to set its own budget and spending priorities without any Congressional oversight"

"I share your outlook on that, Senator, and I have talked repeatedly to community bank groups and credit union groups."

"A lot of this could have been prevented. I don't know where the regulators were on this, they certainly were asleep."