02/11/2014
https://www.congress.gov...
"the approach of trying to eliminate the credit card fee sounds great because, as I said, no one wants to pay the fee."
"Unfortunately, the Consumer Financial Protection Bureau, or the CFPB, is a notable exception. It is not accountable to Congress or the American taxpayer through the appropriations process."
"the fact of the matter is that some fees are, as I said in the opening statement, it provides discipline, financial discipline."
"Thankfully, our Government has a system of checks and balances, one of which includes congressional oversight and the power of the purse--appropriations."