Congressman, you are causing problems. We had an agreement for a later hearing.

It is up to the President of the United States under Dodd-Frank to make the nomination.

I am begging you to keep the fire. I have constituents who have lost so much and they don't even know how they lost it.

Congressman, it is not our job to negotiate on behalf of the Federal agencies.

We have already begun the process of hiring some people.

I have tried to help the President in any way I can on the nomination process.

Nearly every product sold in America has passed basic safety regulations well in advance of reaching store shelves. But credit products, by comparison, are regulated by a tattered patchwork of State and Federal laws that have failed to…

Thank you, Chairman McHenry, Ranking Member Quigley, and members of the subcommittee for inviting me today to testify about the work of the Consumer Financial Protection Bureau.

I would say that there is a lot of unfounded concern about lack of oversight on this agency.

This is our job, and we are trying to do our job, and that is to be helpful to other agencies.

We cannot go back to the era of inadequate protection for the American people.

So far as I know, there is no agency anywhere in the Federal Government whose rulings, once arrived at through the full process, could actually be overruled by a group of other agencies.