it's been hard on American families.

I suspect though, sir, there is a large differential.

I believe that an empowered consumer is a consumer who can not only protect himself or herself but one who can change the market.

I believe that consumers want to learn.

Congressman, this is the guidance that Congress has given.

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.

And in response to this crisis, with overwhelming support from the American people, we created the CFPB, and it is carefully constructed, urgently needed, and should be allowed to go into operation as planned by the bill that was signed…

We have already begun the process of hiring some people.

I ultimately believe that the real partners for this agency will be families all over this country.

I think in the creation of the Consumer Financial Protection Bureau, Congress made some very smart moves.

It is statutory language that you are asking.