Elizabeth Warren actually said...

"it sounds like to me we may need some pressure from the Government to make sure that the toughest standards are used."

"It sounds like to me, Mr. Chairman, that the banks have delayed, the retailers have delayed, the Government has delayed, and the ones who have paid the price are the consumers whose data are being sto..."

"I understand that Europe had reasons to go to chip early on, but are you saying that the banks have just now discovered that chip and PIN would be a more secure system?"

"If a company's security standards are inadequate but the company says nothing about them, then the FTC is powerless."