We have had many debates in this hearing room about the Dodd-Frank Act.

We cannot solve our problems with the same level of thinking that created them.

Regardless if it is perceived in real benefits, many of us believe that there has been a substantial cost.

It is a very poor case for more complex capital standards that do not recognize the difference between large money center banks and our community financial institutions.

I would agree with the ranking minority member that it is a very open question whether Basel III should even apply to our community-based financial institutions.

I think we know how that all played out.

I thank the gentleman for yielding. Mr. Speaker, I rise today in great honor to recognize my friend and fellow Texan, Ralph Hall, for being the oldest Member of Congress to cast a recorded vote on the House floor. It is not often that I…

You came before us 6 months ago as an unlawful appointee and probably an unconstitutional one as well.

I guess, Mr. Cordray, what is of concern here is whether or not the agency refuses to write a rule or is incapable.

Wouldn't they want to know what is lawful and what is unlawful? If an act is abusive, it would be unlawful.

I do want to thank Mr. Renacci for his legislation, which I think does take us in the direction of making credit reports more complete.