Yes, I do think you want a consumer agency that can stop the kind of abuses we saw at Wells Fargo and at payday lenders and in other markets, where there have been significant problems with taking advantage of consumers repeatedly over time.
Hensarling supports a consumer agency to prevent abuses in financial markets.
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Thank you, Ms. Grimes, for your testimony. We know it is not always easy to be in this chair and discuss these types of charges.
But it is this Committee's responsibility to conduct oversight over FHFA and that includes your conduct as well.
Putting layers of diversified private capital in a first loss position will help ensure more accurate pricing of risk.
I would just point out again, all this bill does is extend for 6 months the current policies of the NFIP. Not one single policy of the NFIP is changed in this bill. Mr. Speaker, I yield such time as he may consume to the gentleman from…
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