Carolyn Maloney actually said...

"It is no secret that leading up to the financial crisis, mortgage lending was literally out of control, with prudent underwriting taking a back seat to profit-seeking."

"Your agency came out with an overdraft fees report which found that some financial institutions... were following abusive overdraft practices."

"The creation of the CFPB, the Consumer Financial Protection Bureau, was a major victory for consumers."

"If we had had an agency focusing on protecting consumers, then possibly we could have presented the subprime crisis."