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...
Congressman, I suspect we will hear from them even before you do.
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.
Big corporate interests, led by the consumer finance industry, are devouring families and spitting out the bones.
It is certainly a part of our consideration how much regulation already exists. And if there are no problems, then there are no----
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.
The purpose of the consumer protection agency, as I see it, is to give consumers a fighting chance in the credit marketplace.
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 s...
I am not able to negotiate or discuss the settlement negotiations with you in any way, shape, or form. I am sorry.