Political Quotes

“I reserve the balance of my time. Mr. McHENRY. Madam Chair, I yield myself such time as I may consume. Madam Chair, let me close by saying what I said briefly in debate. This bill is about buyer's remorse. I would say to my colleague from Massachusetts who raised the issue about Wells Fargo, there was a bipartisan hearing. Chairwoman Waters called the hearing. We had bipartisan questioning of the Wells Fargo CEO. We have taken bipartisan work on the oversight of regulators and the regulated when it came to malfeasance by Wells Fargo and some of the employees who were within that firm. There was a bipartisan level of cooperation there. I would also highlight, to my colleague from Massachusetts, that it was not the regulators who found the malfeasance of Wells Fargo, it was the good and wise reporting of the Los Angeles Times. Through investigative journalism, they found the malfeasance, the bad actors, and the bad policies within Wells Fargo--not the regulators. That is a failure of the regulators. It is a failure of the CFPB. We have yet to have a hearing about those failures. Let me say from the outset about this bill; it proves what Republicans have said since the passage of Dodd-Frank: the Consumer Financial Protection Bureau is unaccountable. We hear my Democrat colleagues complain about the actions of a legal overseer of the Bureau, Mick Mulvaney, and now the complaints about the Republican-appointed Director, Kathy Kraninger.…”