Elizabeth Warren

This is an urgent problem in Massachusetts. It is a coming problem for all the rest of the country.

In Massachusetts, 52 percent of those who are HIV-positive are 50 or older, and 15 percent are 60 or older.

I will give you a chance to showcase it.

We have made tremendous progress in treating HIV and are making exciting headway toward a cure.

I am worried about the question of whether or not we need some Government regulation of the nonguaranteed market.

We absolutely should not set underwriting criteria in legislation

The devil is in the details

I think it is very important.

I would be very opposed to hard-coding underwriting standards.

The 2008 crash started one lousy mortgage at a time

I am very encouraged by the direction that HUD has already started.

The financial crash of 2008 was quick, sudden, and it caught our Nation unawares

I very much appreciate the attention you are giving to this.

The crisis was years in the making, and there really were a lot of signposts that we were headed for trouble

The bad news seems to show that over the last 5 years, the Bank has dedicated a smaller proportion of its lending to small businesses.

I hope that the trend line we are seeing--and that is dropping from, just in a very short period of time, 22 percent of the dollars that go out the door are going to small businesses down to 17 percent of the dollars going out the door are…

I was pleased to introduce the Essex National Heritage Area Reauthorization Act (S. 1186), and I thank you for the opportunity to offer a few words about this wonderful area.

What I find so remarkable about the Essex National Heritage Area are the innovative ways that it involves its local communities in its ongoing work.

It seems clear that if Congress wants to have a tough watchdog, it needs to make sure that the dog has not been starved.

It shows real toughness in your enforcement strategy and that that will help build leverage.

Thank you, Mr. Chairman. I want to just start by saying you have really done some remarkable work, Chairman Gensler, over the last 4 years.

I think it is a positive thing that we charge half of what a payday lender charges.

I understand ways in which it is more effective than a payday loan, but what I do not understand is your statement about how this is not a payday loan.

Thank you, Ms. Smith.

If the concern we have is about a product that is designed to ensnare people in repeat loans over time so that it is possible to extract from them 200 percent interest, then it seems to me that Ms. Smith is describing such a product from…