"Do you believe that a secure digital ID might protect consumers and save them time when addressing areas such as consumer online transactions and so on?"
"the CFPB has effectively fulfilled its mission to protect consumers from unfair, deceptive, and abusive practices in financial markets."
"over 82 percent of Americans and 77 percent of Republicans support the mission of the CFPB."
"I was very encouraged to hear my Republican colleagues' support for your mission, and that they agree with roughly 80 percent of Americans that you are doing something useful here."
"You as public officials, it is becoming very easy to clone all of your voices because once it is in the public domain, there is a data set to be able to duplicate it."
"Yes. McKinsey has estimated, I think, between 2 and 3 percent GDP loss from not having a high-quality digital identity."
"Since we passed the Dodd-Frank Act that created the CFPB back in 2010, the CFPB has effectively fulfilled its mission to protect consumers from unfair, deceptive, and abusive practices in financial ma..."
"As the ranking member pointed out, over 82 percent of Americans and 77 percent of Republicans support the mission of the CFPB."
"I have been really encouraged to see that you have raised the alarm over artificial intelligence (AI) and where that is taking the whole thing."
"The American banking system is sound and resilient."
"Thank you, Chairman Barr, for holding this hearing."
"Today, we are going to be discussing the recommendations of various international and intergovernmental organizations."