Political Quotes

On the recordFebruary 27, 2014
I yield myself the balance of my time. Mr. Chairman, I want to, once again, reiterate my strong opposition to this harmful legislation which will weaken the Consumer Financial Protection Bureau, an agency created to protect consumers and defend them against bad actors and practices throughout our financial system. Just in case we are losing sight of what this Bureau is all about, we have many citizens out there who are the victims of false advertising. People advertise something. They advertise a price. They advertise a product. They go to buy the product. It is not there. It costs more money. Debt collectors, how many of our citizens have been harassed by debt collectors, calling them in the middle of the night, asking for information, and charging them with things they have never been involved in? Don't forget those payday loans. Poor people run out of money, go to a payday lender, get charged 500 percent for a payday loan. What about those private postsecondary schools where all of those students who are trying to get an education are forced into getting loans, are encouraged to get loans, get ripped off, don't learn anything, can't get a job? What about those mortgage lenders who tricked all of those people into mortgage loans and they end up losing their homes? What about discrimination against the aged? What about what they did to our good men and women who served in different branches of the military for all of us and got ripped off by payday lenders?…
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Maxine Waters
Democratic · California

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