"Unfortunately, they seem to be rushing things. And I think that the NAIC's head, former Senator Ben Nelson, has expressed his dismay and concern that they are going at breakneck speed."
"Don't you think it would be better and more transparent if there was an opportunity for notification in the Stage 2 level of a company that is under review for SIFI purposes?"
"I understand you have been working with Commissioner Breakspear at the Office of Financial Services."
"The Bureau is in the process of considering what regulations to propose to address issues in the market for small-dollar credit."
"We expect those to potentially come out in a Small Business Regulatory Enforcement Fairness Act (SBREFA) process sometime later this fall."
"They have got to see that the failure of diplomacy is much worse for them than it is for us."
"I think the answer is 'yes' because I think the other members of the 5+1...rather than walking away, let us take the other 6 months and let us see if we can, in fact, reach a comprehensive agreement."
"I do not think right now the odds of reaching a deal are very high."
"You are not in the business of being an insurance company. You are in the business of providing a particular service, in most cases a nonprofit or charitable service for which you have a unique risk."
"My discussion today is over my draft that aims to modernize the Liability Risk Retention Act."
"If we don't have affordable coverage for your members, then they can't provide their service, and if they can't provide their service, which is a nonprofit charitable service, then: one, where does th..."