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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Mr. Speaker, may I inquire how much time I have remaining. The SPEAKER pro tempore. The gentleman from Texas has 1 minute remaining.
But it is this Committee's responsibility to conduct oversight over FHFA and that includes your conduct as well.
Mr. Speaker, I yield 1 minute to the gentleman from Wisconsin (Mr. Duffy), who is the chairman of our Housing and Insurance Subcommittee. Mr. Duffy is the sponsor of a provision of this bill, H.R. 4537, the International Insurance…
Mr. Speaker, I yield 1 minute to the gentleman from California (Mr. Sherman), a senior Democrat on the committee and the lead sponsor of the bill.
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