The evidence shows the source of the company's problem was its federated structure and the leadership team who couldn't fix it.

My colleagues on the other side of the aisle made up their minds about Wells Fargo long ago.

I am not sure what we hope to accomplish tomorrow with witnesses who are no longer in a position to fix the company, moving forward.

This committee has the capacity, and has the jurisdiction to limit, inhibit, impair, and delay the ability of traffickers to fund themselves.

I think we know there will be effects on China, through some part of the first half of the year...

We wish them well. We have high hopes that they are going to be able to tackle this crisis, this public health crisis they are facing.

Congress made a decision over 100 years ago to outsource monetary policy to the Federal Reserve.

Under the Trump Administration, we have the best economy that we have had in decades.

It always is rich, right? When somebody else has a negative comment about the Federal Reserve, that is bad, but when I, as a policymaker on the Hill, have a negative comment about the Fed, it is good, right?

I think it is important and essential that Congress understand how the banking industry is evolving in response to technological innovation.

I applaud you and FDIC Chair McWilliams for your efforts to reform and modernize the Community Reinvestment Act.

So this is mainly a rewrite about technology and a dramatically changed footprint for banking?

So what does that mean? What does that actually mean?

The Community Reinvestment Act was passed in 1977. When was the last time it was updated, that we had a major regulatory update to the CRA?

That is not where their business is, though.

Has much changed in banking since 1995?

I applaud the OCC and the FDIC for proposing a CRA reform package. I am dismayed that the Federal Reserve has been dragging their feet and won't participate in this process.

This was a huge problem. I know a number of banks in my district that were not allowed to expand.

For many people, housing affordability challenges are real.

Enacting counterproductive regulatory and zoning laws which decrease the amount of housing that can be built causes housing costs to skyrocket.

The data show that California alone is responsible for almost half of the nation's unsheltered homeless population--half.

What makes up a community? Not just homes, but also businesses, also services, places for jobs.

Give us solutions on how you can make it better, okay?

We want to make things better. That is the struggle, is how to make things better.

If we want to fight inequality, let's build more housing so that low-income Americans have the chance to live in high-opportunity cities where they work.