Let me begin by assuring the committee that at the CFPB we are working nonstop to build an effective organization, with the goal of making consumer financial markets work better fo...
Nearly every product sold in America has passed basic safety regulations well in advance of reaching store shelves. But credit products, by ...
Yes, ma'am, that is right.
Yes, sir, I do.
Yes, sir. That would be new regulations that would replace the older, complicated, more complex regulations.
Of course, Mr. Chairman. We would be delighted.
But remember, this is an agency we are building over a very long arc.
Our first item that we are working on out of the box is to reduce the costs for the credit issuers, yes, sir.
There are a lot of tools available to make markets work better for American families.
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-...
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 proc...