At each of those appearances, we provided detailed written testimony on our efforts to establish the CFPB. Today, I welcome this opportunity to testify before the full Committee on Oversight and Government Reform and to provide additional written testimony.
Rutgers opens doors. Students come here from different backgrounds and have different experiences here, but one way or another, this place opens doors.
I came to Capitol Hill on many occasions to testify on behalf of the COP about our oversight efforts. Based on that experience working on behalf of Congress, I became a firm believer in the importance of oversight.
Rich usually heads in smart directions, so I thought I’d follow his lead and pick up where he left off by discussing in greater detail how the CFPB can continue to work with the attorneys general to accomplish those objectives.
For the past six months, I’ve been hard at work setting up the new Consumer Financial Protection Bureau (CFPB). Accountability has been an integral part of my job. I spend a lot of time thinking about how to make this new agency accountable – not just right now, while it’s all new, but how to make it accountable to the American people over the long haul.
For the past six months, I’ve been hard at work setting up the new Consumer Financial Protection Bureau (CFPB). Accountability has been an integral part of my job. I spend a lot of time thinking about how to make this new agency accountable – not just right now, while it’s all new, but how to make it accountable to the American people over the long haul.
But I do not consider myself in hostile territory right now because I believe we share a point of principle: Competitive markets are good for consumers and for businesses. The important question is how to ensure that markets are competitive.
You have made it clear that community banks strive to build their businesses around serving their customers in open and fair ways.
Today, we are pleased to report that we firmly believe in the importance of making prices clearer, making risks more obvious, and cutting back on the fine print and legalese that can make it impossible for families to compare a mortgage or credit card with two or three others. We are here to serve the American people by making sure the consumer financial markets work for them.
Today, we are pleased to report that we firmly believe in the importance of making prices clearer, making risks more obvious, and cutting back on the fine print and legalese that can make it impossible for families to compare a mortgage or credit card with two or three others. We are here to serve the American people by making sure the consumer financial markets work for them.
