08/03/2009
https://www.congress.gov...
"I think the CFPB has had a very salutary influence, and I would hope you would come around to the view that it is a necessary part of our system of banking and governing."
"We think the CFPB has done an outstanding job, and what has happened at the bank... shows the need for it."
"Today's hearing reminds us why the CFPB was formed. We needed a cop out on the beat."
"The Consumer Financial Protection Bureau was formed to ensure that financial institutions that harm consumers through unfair, deceptive, or abusive practices are held accountable."