Elizabeth Warren

He believes in leveling the playing field so that small companies can compete fairly.

Richard Cordray has spent his career in public service caring about people.

The misleading claim of no CFPB accountability... should be exposed for what it is: an attempt to destroy the Bureau's ability to do its job.

This political gamesmanship is preventing Americans from receiving the consumer protections they deserve.

Of course, Mr. Chairman. We would be delighted.

Whether or not there will be a day when a creditor will figure out, I can make a fast buck with something that is so lousy that the answer is it should actually be banned, that day could come.

But remember, this is an agency we are building over a very long arc.

Congressman, I suspect we will hear from them even before you do.

Our first item that we are working on out of the box is to reduce the costs for the credit issuers, yes, sir.

I think that Congress was smart when they put a lot of tools in the toolbox.

We have no present intention to ban a product.

There are a lot of tools available to make markets work better for American families.

Big corporate interests, led by the consumer finance industry, are devouring families and spitting out the bones.

Well, it is--big. I mean, it is important, it is heavy, it is very relevant, how much regulation, how effective the regulation is, how well-enforced the regulation is, how consistent the regulation is throughout the country.

It is certainly a part of our consideration how much regulation already exists. And if there are no problems, then there are no----

I want to say that, as best I can, we have gotten enormous support from the industry, from consumer groups, from banking groups for the process we are using to try to embrace everyone's participation in this and to give them all an…

So let me say two things very quickly on that. We have a Web site that is up and running right now, www.consumerfinance.gov.

Congressman, we are not there yet. We will go for the first time--next Thursday is the first day that we will be statutorily authorized to show up at the banks.

One part of the agency that I am enormously excited about is that we will have bank supervision officers who will be in the banks.

I am not able to negotiate or discuss the settlement negotiations with you in any way, shape, or form. I am sorry.

I am always engaged in trying to persuade people that my point of view is right.

I just think there is a lot of evidence that they have not had a fighting chance in the credit markets over the last decade and, in some cases, longer.

The purpose of the consumer protection agency, as I see it, is to give consumers a fighting chance in the credit marketplace.

We are not engaged in any kind of settlement negotiations.

It was a hard fight to get this agency passed into law, but I thought, once it had passed and it had become the law, that this kind of fighting would be over