Thanks to their hard work, we are making progress toward a stronger, sounder financial system.

I believe that a properly enforced Volcker Rule will protect American taxpayers from the consequences of risky bank behavior.

Ranking Member Waters said that she is looking for a quick, clean, and long-term resolution to the TRIA issues and that time is of the essence.

In fact, the Bureau's enforcement actions have resulted in over $3 billion being directly refunded to nearly 10 million consumers and servicemembers.

Despite the Bureau's extensive engagement with this committee over the past few years, the CFPB has managed to do more than just testify before Congress.

I would like to thank Chairman Chris Smith, the co-chair of the Congressional Task Force on Alzheimer's Disease, as well as Ranking Member Karen Bass, for organizing this hearing and inviting me here to participate.

We don't like the fact that too many constituents were taken advantage of in too many ways.

I want to thank Chairman Hensarling for holding this hearing.

Thank you, Chairman Hensarling, for holding today's hearing to discuss the mandates of the Federal Reserve on its 100th anniversary.

What is interesting about this hearing is that both credit unions and community banks have the support of both sides of the aisle.

The Biggert-Waters flood insurance legislation was designed to update the National Flood Insurance Program.