Bob Menendez actually said...

"I hope to see a joint interagency CRA rulemaking by all three bank regulators."

"It does not take 10 years for great minds to get together to think about what is an appropriate way to deal with excessive compensation."

"I totally disagree with that. And certainly when you have oversight over the Community Reinvestment Act, this is a key tool to try to deal with some of the issues that we face today."

"I hope you will all get together and adopt a unified rule that strengthens the original intent of the CRA, which has never mattered more."