Elizabeth Warren actually said...

"the CFPB would be accountable to Congress."

"checks on the CFPB's rulemaking are more stringent than the checks on other banking regulators because FSOC can veto any rule issued by the CFPB."

"is the only banking regulator that is required to conduct small business impact panels to gather input from small businesses about the potential impact of proposed rules."

"OK. That sounds pretty reasonable to me. So if the banks want to charge more than $8, just come and show your math about why you are charging more than $8, and there is not going to be any problem her..."