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."

"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..."