Pat McHenry: “It is not a secret that the activity and formation of the CFPB has been controversial.”

I thank the Chair, and I thank the panel for being with us today to continue our investigation of the poisonous culture at the FDIC.

Is this a place where you would want to work? Based on your spending weeks on this project, would you want to work in this environment?

I am pleased that the Fed is resolute in getting inflation under control.

This is a matter of real substance for the independence of the Fed and the rulemaking at the Federal Reserve.