"regulation must shift in the financial services area from who issued it to what the product is."
"This creates a floor, and it creates a floor."
"If we get that right, the need for the States to write additional regulations, in my view, becomes much less."
"No. It is the customer who will make that decision."
"I think that this is an area where a per account fee makes a lot of sense."
"I will start by saying the person who was talking about banning products actually wasn't me; it was Mr. Yingling who embraced that notion."
"That is right, that is what is proposed."
"Excuse me, Congressman. They are not interested in consumer protection."
"If we make the real point about disclosure, can the consumer accurately understand what you have just done?"
"I strongly support the concept of an independent agency that concentrates solely on consumer financial services issues."
"It is essential that this new agency have real power, that they have flexible rulemaking authority, that it be adequately funded, not subject to the starvation by Congress, and that it have real enfor..."