"Unfortunately, some opponents of this agency have misrepresented its purpose. The Financial Consumer Protection Agency will not 'regulate credit.' It will not make choices for consumers or deny them access to products and services."
"Since the very first hearings before this Committee on modernizing our financial regulatory structure, I have said that consumer protection should be a top priority in our deliberations."
"We know now that for 14 years, despite a clear directive from the U.S. Congress, the Federal Reserve Board took no action to ban abusive home mortgages."
"These moments are the reason that I and many of my colleagues were enraged by the spectacular failure of consumer protection that destroyed economic security for so many of our American families."
"The new agency--a consumer financial guardian--promises to be a powerful watchdog and protector, and a partner of State attorneys general in fighting for our citizens."
"I appreciate the opportunity to strongly support the Administration's proposal to create a Federal agency dedicated solely to protecting consumer interests in financial products and markets, and prese..."
"That is why I called for the creation of an independent consumer protection agency whose sole focus is the financial well-being of consumers."
"As a former United States Attorney, I can tell you that organized crime would offer a better deal."
"To those who helped create this mess and now plan to flood the airwaves with misleading propaganda, I have just two words for you: Get real."
"I think there is some agreement that certain products should be banned."
"I agree with you wholeheartedly that this bill is a first draft; it needs refinement, it needs work."