Some have criticized the FSOC's designation process as being opaque.

These partisan bills were nothing more than an effort to derail this cornerstone of the Dodd-Frank Wall Street Reform Act.

It saddens me that my colleagues on the other side of the aisle have aligned themselves with Wall Street predatory lenders and other bad actors in our financial system.

Consumers deserve accountability not only from Wall Street, but they deserve it from Washington, too.

I have no doubt that all agree, including the Director, that invidious discrimination and retaliation are not only illegal; they are also morally repugnant.

These disturbing developments once again demonstrate, I believe conclusively, why there must be substantial structural reform at the CFPB.

I am disappointed that a package to destabilize CFPB's leadership and its autonomy and tie its funding to the whims of the congressional appropriations process made its way through the House of Representatives.

The Mint is actively engaged in regular outreach efforts and public awareness events for both programs that include Members of Congress, including John Lewis and full Financial Services Committee Ranking Member Maxine Waters.

I want to reiterate my sincere hope that you will commit to addressing similar issues that may be occurring in the private sector and at all Federal financial regulators with the same due diligence as you have at the CFPB.

I certainly hope you will join us in using the full weight of this committee to take a close look at the findings of, and any recommendations from, the Inspectors General.

I remain disappointed that pay disparities among a wide range of classifications occurred at the Bureau as was outlined in a report that the CFPB released on Monday.