On the recordFebruary 27, 2014
I find this to be a most curious amendment from the gentlelady from Wisconsin, and we do enjoy her participation on the committee, but it is a curious amendment because if it is accepted, and I believe the House is going to pass it, then it says the House is on record as saying we are going to do something but we just didn't feel really good about it. In other words, her amendment does nothing to the underlying bill except a sentiment that says we shouldn't have passed it in the first place. So it is a curious, curious amendment, Mr. Chairman. I personally, and I don't think the House, want to be on record as saying that the CFPB has given us the fairest, safest, and most robust capital markets in the world. I have no doubt there are many good men and women who work there. They have done some important work. But fair? Fair, Mr. Chairman? An agency in the name of consumer protection that would deny one-third of current Black and Hispanic homeowners the opportunity to own a home? This is fair? It is just incredible. We have brought this up several times in this debate, Mr. Chairman, and we hear crickets chirping on the other side of the aisle. Now if a private company did that, there would be riots in the street, but it is okay if government has a disparate impact on minorities. I don't know if that is fair.…
