On the recordFebruary 17, 2011
And I'm proud of the work we accomplished in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to create a Consumer Financial Protection Bureau. Madam Chairman, and Members, I didn't get elected to the Congress of the United States of America to protect big banks, banks too big to fail, or to protect their shoddy products, criminal schemes that are designed to rip off innocent citizens who go to work every day. I don't know how anybody can come to this floor and represent that the consumers, the workers, the people of this country, don't need any protection. The Consumer Financial Protection Bureau is needed because it is very clear that our current regulatory framework inadequately protects consumers. Just look at the wrongful foreclosures on our veterans which was exposed by reporters last month and was the subject of a Veterans Affairs hearing last week. You go tell those veterans that they didn't need that protection, that they shouldn't be protected.
