"The need to reform the practices of our nation's credit card companies and to provide some tough new protections for consumers."
"the notion once again that we could ever start thinking about regulation, reform, and creating new architectures for the 21st century, very much a part of that has to be that that end user, that consu..."
"This was not a natural disaster. This is one that was avoidable."
"I think it is a very important point to take away from a hearing like this, how best we do that."
"I think these are basic things that one would require."
"I am disappointed that you have got to wait until July of 2010 for them to become effective."
"The need for quick action to end abusive lending practices is more urgent than ever now."
"But doesn't it also basically--in other words, the incentive for the issuer to make sure that the borrower is going to be more creditworthy diminishes when you know you are going to be able to sell th..."
"I respect immensely that Ben Bernanke and the Federal Reserve moved on the issue of regulation."
"Senator Dodd's comprehensive Credit Card Act fills in many of these gaps."
"2009 could be one of the worst years on record for credit card consumers."