Bipartisan polling has shown that the CFPB is overwhelmingly popular among U.S. consumers, finding that 82 percent of voters, including 77 percent of Republicans, support the CFPB's mission.

I believe that we can dispel this notion by looking at the facts.

Since the Consumer Financial Protection Bureau opened its doors in 2011, it has served as the cop on the beat, protecting consumers from unfair, deceptive, and abusive practices.

Many of you have mentioned the fact that the U.S. is often a leader in these international discussions.

Extreme MAGA Republicans' hostility toward our allies is terrible for America and only weakens us as a nation.

As the global economy changes, financial firms and their regulators must remain well-apprised of new and emerging risks.

I am a big fan of how the flexibility of these authorities have been used.

While Democrats continue to put people, peace, and prosperity over politics, MAGA Republicans prioritize only one person: Donald Trump.

Ultimately, Mr. Chairman, extreme MAGA Republicans are the biggest threat to our national and economic security...

This will have huge benefits for the Federal taxpayer.

I have spoken to you about this in the past, particularly about a Digital ID, which is one potential solution that is listed in your report.