Political Quotes

“I thank the gentlewoman for yielding and salute her for her relentless championing of the rights of consumers in our country as our ranking member on the Financial Services Committee. I come to the floor on this legislation because it is something that runs deep in terms of our commitment and our responsibility to the consumers in our country. It is very curious to me that this is called the Homeowners Assistance Act because it is exactly the opposite of that. I say that with regret because I think that there could have been some good features of this bill--and there had been that we all agreed on, that if there is legislation, as there has been, Dodd-Frank, and the regulations that spring from it, as there must be, that we have adequate time for the regulations to be implemented, to listen to the private sector, to say: What are the ramifications of these regulations, and do you need more time? We all subscribe that a certain amount of time, not an amount of time that is going to deter ever implementing the regulations, but a good faith attempt to come to terms. What is unfortunate about this legislation, though, Madam Speaker, is that in taking that goodwill and turning it into a bill, what the Republicans have decided to do is to take away the right of private action for a homeowner, for a consumer. They are trying to destroy homeowners' rights to be heard in court when they think they have been tricked or misled in any kind of a transaction.…”