This merger will create the 6th largest commercial bank, and Capital One will be the largest credit card lender in the country.

If mergers like these continue, we will be left with only a handful of megabanks that will be empowered to fleece everyone.

House Republicans revealed their true colors last year when two-thirds of their caucus voted to defund the CFPB.

I love it, and we are going to defend it every day.

I am very pleased with President Biden's initiative to eliminate junk fees, as well as all the hard work of the Consumer Financial Protection Bureau under the leadership of Director Chopra to do their part in this initiative.

Instead, Republicans are here to continue their crusade to crush the Consumer Financial Protection Bureau.

After all, 82 percent of Americans, including 77 percent of Republicans, support this popular agency.

Democrats will always protect the CFPB and the consumers they defend.

Neither Congress nor our regulators can ignore the impact of the climate crisis on the financial system.

Mr. Chairman, climate change is real.

This rulemaking is common sense.

Thank you, Mr. Chairman, for your consideration on this effort, and I am looking forward to it.

Oh, thank you very much, Mr. Chairman, and I appreciate the practice sessions that you have afforded to all of the Members.

this rule is absolutely critical to preventing a future failure and protecting consumers across the country, so I urge your agencies to finalize the rule this year.

I do believe that based on what we understand about the profit margins of the banks, they could really afford to do it.

This is not for any one ethnic group. This is for everybody. Because we have a crisis in this country.

I am still mourning about the loss of that at the hands of two Democrats on the Senate side.

The American Dream of homeownership symbolizes financial security, economic mobility, and a sense of belonging.

The affordable housing crisis grows, something that Committee Republicans have shown absolutely no interest in solving.

The SEC has played a critical role over the past 90 years in protecting investors from fraud and abuse...

I am pleased they are using these tools as intended.

But, if anything, this rule should increase competition by ensuring that the largest companies are not able to leverage their size and data to unfairly crowd out smaller companies.

I am pleased that the CFPB is finally taking action to oversee these companies.

Can you also speak to the broader concerns about the potential for monopolistic use of data and misuse of market power by Big Tech companies?

I have long raised concerns about Big Tech's expansion into financial services.