Political Quotes

On the recordJuly 17, 2023
History tells us that systemic financial risks do not come from politically-driven overreaction to emerging risk, but rather from regulatory capture.
Said by
Martin Foster
Democratic · Illinois

Editor's note · Context

Foster warns against political overreactions and emphasizes the danger of regulatory capture.

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More from Martin Foster

Sep 26, 2023

I take it that you are familiar with this graphic from Bloomberg that shows you lagging significantly behind your three predecessors in terms of the number of rules you finalized in the first 2 years of your tenure?

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Emerging technologies like artificial intelligence present new opportunities to make our financial system more secure, inclusive, and efficient.

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Yes. Do any of our other witnesses have any comments on this area, the utility of a national standard for a secure digital ID provided by States?

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As the ranking member pointed out, over 82 percent of Americans and 77 percent of Republicans support the mission of the CFPB.

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