04/28/2015
https://www.congress.gov...
"Congressman, this is the guidance that Congress has given."
"So far as I know, there is no agency anywhere in the Federal Government whose rulings, once arrived at through the full process, could actually be overruled by a group of other agencies."
"And in response to this crisis, with overwhelming support from the American people, we created the CFPB, and it is carefully constructed, urgently needed, and should be allowed to go into operation as..."
"We have already begun the process of hiring some people."