This includes your work to implement payday rules free of debt traps.

Thank you very much. Mr. Cordray, I want to thank you and commend you for the settlement that was announced with Hudson City Bank for structuring its businesses so as to avoid majority Black and Hispanic neighborhoods.

I am pleased to report that the world hasn't ended.

I am pleased you are here this month as we commemorate the 5-year anniversary of the enactment of the Dodd-Frank Wall Street Reform Act.

When I hear those kinds of stories, I am reminded about the predatory lending practices that took place in this country in 2008.

The brutal truth is that millions continue to teeter on the brink of poverty and collapse.

Dodd-Frank made significant progress correcting the practices that helped lead us to the crisis.

I know a lot about this. I created programs in South Central Los Angeles that I actually wrote using Wagner-Peyser moneys and Project Bill in Nickerson Gardens, Jordan Downs, and all those public housing programs. I know what can be done…

But why don't you take the Moving to Work programs now and start demanding the information, come up with some standards, so that you could get some credible information, instead of expanding on Moving to Work that has not proven or shown…

But we don't understand this Moving to Work program. There are currently 39 Moving to Work agencies with 430 units, or 13 percent of the total stock, and, after 20 years, there is nothing to show for it.

I think that probably every Member of Congress and certainly members of this committee would like to see people working, we would like to see them independent, we would like to see them earning money and being able to live where they want…