Elizabeth Warren

I am glad to hear you will make it a top priority for the Federal Reserve to engage in the supervisory and regulatory responsibilities that help keep our financial system safe.

I think it is an important signal here and I am glad to hear that you are thinking about this.

I am concerned that those responsibilities just are not a top priority for the Board of Governors.

But the truth is, if the regulators had done their jobs and reigned in the banks, we would not need to be talking about quantitative easing because we could have avoided the 2008 crisis altogether.

Do you think the Fed's lack of attention to regulatory and supervisory responsibilities helped lead to the crash of 2008?

If there is no further business to come before the Senate, I ask unanimous consent that it adjourn under the previous order. There being no objection, the Senate, at 7:05 p.m., adjourned until Wednesday, November 13, 2013, at 10 a.m…

The aid and attendance benefit is a significant way that we show our veterans our appreciation, and these scams are turning a benefit into something that actually undermines the financial security of our older veterans.

I think the CFPB has done great work, and great work in this area as best it can.

Thank you, Mr. Chairman, Director Cordray. As you know, there are nearly 60 million car loans outstanding for a total of about $780 billion.

I would tell the senior Senator from Maine, my plan had been to speak for less than 10 minutes. But if that does not work, I certainly will yield to the Senator from Maine and do what she requests.

I commend Senators Warner and Corker for the work they have put into S.1217 and how you have moved this debate forward.

In fact, the data studied by the Financial Crisis Inquiry Commission and the Federal Reserve show that the affordable housing goals had no impact on either the subprime loans, the number of the subprime loans, or on the price of those…

All housing markets are local, but there is no community in our country that has a sufficient supply of decent rental homes.

We have got to look at both of these independently.

I think we need to look carefully at what we would be giving up.

I am concerned about S.1217's elimination of the affordable housing goals.

They did have a powerful impact. They helped millions of families purchase homes.

We are very grateful to Senator Reed for his authorship of the Housing Trust Fund provisions in HERA.

In terms of the activities that you support, you are saying it would be for home loans and for student loans.

I think it is important, if we are talking about mutuals and our investment, in effect, in the housing market in mutuals, to know exactly what activities would or would not be covered by that.

I was not asking that question. I was just asking you a simple question.

It would not be, for example, for other loans, to support other kinds of retail business, to support payday loans, to support tobacco stores.

I think it is clear we all agree that small lenders need access to the secondary markets so they can write more mortgages and they can get funding that they need through advances from the Federal Home Loan Banks.

Leaders in Massachusetts, like generations of national leaders, sought to reform healthcare, not because it was easy, but because we all knew that the old system was broken for years.

This new Affordable Care Act, or Obamacare, if you want to call it that, is not just a Web site.