I do share your concerns, and maybe we can talk, if somebody wants to, about some of the data security issues that we face, as an agency.

I'm a big fan of regular order, and the way that I think it's supposed to work... was that the Senate would pass a version of a bill.

Yes, I think we would be able to do that.

I don't think anybody in this chamber would suggest that the community banks or the credit unions were the cause of the financial crisis.

I just happen to think that that is wrong. That is that enforcement by--or regulation by enforcement that I talk about.

I think since I have gotten there, things have changed.

The Bureau is not designed structurally to be accountable. By its very DNA, by its very nature, it is not accountable to you, it is not accountable to the public, it is not accountable to anybody, other than itself.

Actually, with respect, Congresswoman, I would suggest that I am the one responsible for implementing Dodd-Frank, not you.

I cannot change that. So if it is going to exist, this is what could be done to improve it.

We're going to spend a little bit more time on things like accountability and transparency.

We absolutely have a role to play in eliminating discrimination in the housing market. Yes, sir.

I don't like the fact that the CFPB exists. I will be perfectly honest with you.

I would be happy to take a look at it.

I think it is fair to say that, as of this point in time, the Bureau of Consumer Financial Protection is probably perceived as being closely aligned with Senator Elizabeth Warren.

But my point is an appropriations process helps shed light on things, and y'all are voluntarily choosing not to do that, and I do hope you would remedy that situation.

I think the Bureau screams out to be reformed.

Why y'all don't want to put me on appropriations, I just don't get it.

Am I correct on that?

I support consumer financial protection.

We are still going after bad actors.

We have given notice of our intent to look at some changes--again, going through the proper administrative procedures.

I see no reason to change the policy, Congressman.

And that is what is so frustrating is it is so oftentimes what we do is I do not think we give enough consideration to what the intended or unintended consequences are, which is that people are not going to have access to the credit and…

It is fair to say that I was hostile to the existence of the Bureau.

I think the answer is that the financial crisis was a system failure of major proportion.