Chris Hollen actually said...

"If you do not have a cop on the beat who is trying to make sure everybody plays by the rules, as you say, it actually creates an incentive to a race to the bottom."

"The CFPB plays an essential role in defending American consumers against some powerful financial interests that want to take advantage of consumers."

"I hope you will continue to make sure that folks are not breaking the law and make proposals for how we can better protect consumers in this space."

"Is passage of this legislation a top priority for the State Department?"