Chuck Schumer actually said...

"I want to echo the comments from Senator Reed and many other of my colleagues about the need to preserve independent funding for the CFPB."

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

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

"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."