On the recordFebruary 11, 2014
Mr. Speaker, I thank the gentleman from Texas for yielding to me. I am hearing the arguments from across the aisle about how the Consumer Financial Protection Bureau is protecting consumers and protecting America from unfair practices and risks in the financial sector, but I would challenge my friends on the other side of the aisle to tell me how is that mission of protecting consumers diluted if we go from a single payer to a commission, which was originally their idea. How is this diluted if we go to a pay scale set by Congress and not by themselves? That doesn't impact their ability to work on consumer protection issues. Why are consumer protection issues impacted if we give a similar and same voice to small community banks and credit unions, the same that they have given in this bill to big Wall Street banks? You are still protecting consumers. There is nothing in here that prohibits the CFPB's ability to do their job. Finally, how are we hurting consumers by making sure that the CFPB asks them first before they get their information? I guess I haven't heard those comments being made. I am hearing a lot of platitudes, a lot of comments at 30,000 feet that have nothing to do with the reform package that is here in the House today. I would enjoy hearing my friends across the aisle talk about what is actually in the bill. It is not immigration; it is protecting consumers from the CFPB, and they are bringing up issues that aren't relevant.…





