Randy Neugebauer: “This hearing is not about consumer protection; it is about accountability, accountability that the American people…”

The CFTC's proposal unduly focuses on 'limiting the activity of commercials in hedging in the markets,' which in turn increases the risk of pricing commodities.

The time has come for Congress to enact a national standard on data protection for consumers' personal financial information.

Congress intended that position limits target those who engage in 'excessive speculation,' while leaving hedgers to their task of reducing risk in their businesses.

I think it's extremely important that the FDIC set an example in that area, and I don't believe we're accomplishing that goal.