[Congressional Record (Bound Edition), Volume 157 (2011), Part 6]
[House]
[Pages 8556-8557]
[From the U.S. Government Publishing Office, www.gpo.gov]




                THE CONSUMER FINANCIAL PROTECTION BUREAU

  (Ms. JACKSON LEE of Texas asked and was given permission to address 
the House for 1 minute.)
  Ms. JACKSON LEE of Texas. Mr. Speaker, I rise to join with my 
colleagues of the Congressional Progressive Caucus to ask the President 
to appoint a Presidential appointee to the Consumer Financial 
Protection Bureau, which is law. It is to protect the American people. 
That nominee so far has been Professor Elizabeth Warren who has acted 
as an adviser. The CFPB has earned praise from the banking

[[Page 8557]]

community for working to simplify and improve mortgage foreclosure 
forms. This consumer protection board will protect the American people 
from predatory lending, from foreclosures, and from excessive rates on 
your credit card.
  But, yet, Republicans in the Senate, in the other body, want to make 
ridiculous accusations to hold the hostage position and take this 
individual into a hostage position and to suggest that she could not 
counsel with a State attorney general to help that State attorney 
general fight against mortgage foreclosures.
  When have you forbidden a Federal representative, a Federal 
representative of the United States Government, from talking to the 
States to be helpful? What is the purpose of the Federal Government 
other than to be helpful?
  It is time to stop the charade and stand with the American people. 
Get someone working on that consumer board to protect the American 
people from reckless and unfair mortgage practices.

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