Elizabeth Warren actually said...

"Congressman, I can't understand this without seeing what the paperwork is that accompanies them and what the disclosure is that is given to the consumer."

"Ultimately--"

"It seems to me if we were talking about rate caps, that would be an appropriate place for Congress to set the larger policy question."

"Congress will set the standards for this agency, and then ask the agency to go and use its rulemaking authority."