"The purpose of the consumer protection agency, as I see it, is to give consumers a fighting chance in the credit marketplace."
"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."
"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."
"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."
"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."
"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 ..."
"It is certainly a part of our consideration how much regulation already exists. And if there are no problems, then there are no----"
"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..."
"Big corporate interests, led by the consumer finance industry, are devouring families and spitting out the bones."
"There are a lot of tools available to make markets work better for American families."
"We have no present intention to ban a product."
"I think that Congress was smart when they put a lot of tools in the toolbox."