Political Quotes

“I rise to speak out in opposition to the nomination of Kathy Kraninger to serve as the Director of the Consumer Financial Protection Bureau. The CFPB is a consumer's watchdog on Wall Street and the big banks. It was created in the aftermath of the financial crisis to protect Americans from predatory and abusive practices and ensure that financial institutions play by the rules. Since 2010, the CFPB has investigated and held accountable abusive student loan companies, predatory payday lenders, and fraudulent multinational corporations--just to name a few. It has also protected our Nation's veterans and Active-Duty servicemembers from targeted scams and illegal debt collection practices. The CFPB has secured over $12 billion in relief for Americans. Just this past April, the Consumer Financial Protection Bureau sued Wells Fargo for creating millions of fake accounts, destroying credit scores, and forcing millions of customers to pay phony penalties and fees. The people at the CFPB work every single day to make the financial system safe and fair for hard-working families. We can't go back to the way things were before the CFPB was created. We can't go back to a time when there was no strong consumer advocates at the Federal level. I remember this time all too well. I was Nevada's attorney general when the markets crashed in 2008. The subprime mortgage crisis hit Nevada harder than any State in the country.…”