We have not had a new African-American bank in a quarter of a century--who are very concerned about this rate cap.
We have been working in this committee for many years against predatory lending, but what we have found out is that we need to do a rifle ap...
However, this whole issue is sort of bringing us into the new frontier for our entire financial services industry.
According to the most recent statistics, there are 58 million unbanked and underbanked folks out there.
At the outset, Comptroller Otting, let me remind you that you are not the dictator of our financial system.
We are all American States, and the American people are crying out and saying, 'Congress, get your act together and let's solve this problem...
Normally, what happens is Congress doesn't actually go back and figure out, well, gee, why did that fail?
It is going to take at least $13 billion, then we know we are serious.
The history of Federal housing programs is, quite frankly, full of overt racism.
Every American has the right to safe, decent, and affordable housing.
This is an extraordinary hearing, but I do want to make a couple of points starting out.