Political Quotes

“I thank the ranking member, Congresswoman Waters, for standing up for consumers. As I stand here today, first, let me just say I echo all of the comments of my colleagues on this side of the aisle, and I, too, rise in opposition of H.R. 1699, a bill that would put the lowest income and most vulnerable consumers at risk of becoming victims of predatory lending. This bill would increase the chances of consumers being steered into higher cost loans when they could otherwise qualify for lower cost alternatives. As an aside, it is quite interesting to sit here and listen to my colleagues on the other side have such great interest in affordable housing and low-income residents, and yet, as I have sat on the Financial Services Committee, I have watched them repeatedly cut funds to the budget for low-income residents and not stand up for some of the statements when former Director Richard Cordray came in to talk about the Consumer Financial Protection Bureau and what they have done to stamp out this type of predatory lending. It is also quite interesting, and I would be remiss not to mention, that last week President Trump appointed the Director of the Office of Management and Budget, Mick Mulvaney, to lead the Bureau, yet he is the same man who spent years trying to eliminate this organization, a man who did not stand up for low-income, affordable housing. Mr.…”