Chuck Schumer actually said...

"I would say to all the witnesses that when the 'Schumer Box' actually went into effect, it did bring credit card interest rates down because there was real competition."

"Disclosure is how the economy is supposed to work."

"We have seen in debates over funding for the SEC and CFTC some Members of Congress use the power of the purse, not just to hold agencies accountable--that is a good thing--but to undermine their missi..."

"Look, I went through this. For 10 years I tried to get the Fed to do a 'Schumer Box,' credit card disclosure."