Political Quotes

“Mr. Chair, I rise in strong opposition to this amendment. The CFPB is vital in safeguarding the interests of American consumers. You are on your own. That is the ongoing message that Americans hear from our Republican colleagues. You are on your own, and we are not going to protect you. The CFPB serves as an independent agency dedicated to ensuring that financial products and services are fair, transparent, and free from deceptive practices. Very frankly, we are dealing with trillion-dollar financial institutions. There is no consumer except the most expert who can, on their own, make sure they are getting a fair shake and who can, on their own, make sure they are not getting rolled and make sure that they are not being ripped off. That is what this agency is supposed to do. By holding financial institutions accountable, the CFPB protects consumers from predatory lending, fraud, and other forms of financial exploitation. That is the little guy. That is the little guy who can't do it for himself or herself and is counting on us to make sure that what is represented to them is, in fact, fair and not, as I said, ripping them off. The CFPB promotes fair and transparent financial markets by enforcing regulations and consumer protection laws. This oversight helps maintain the integrity of the financial system, fostering trust and confidence among consumers and businesses alike. If we don't have it, if we zero fund it, then guess what, Mr. Chairman? Confidence is going to go away.…”