Joe Sestak Quotes

I have and will continue to be an advocate for the important role the CFPB plays in our economy. In fact, I have voted overwhelmingly against legislation that would weaken, defund, or eliminate the agency.

My job at the CFPB, as President Obama told me when he interviewed me, was to stand on the side of people in the financial marketplace and see that they were treated fairly.

We're trying to improve the consumer financial marketplace one American at a time.

Our goal is to make finance the servant, not the master, of the real economy.

The Consumer Finance Protection Bureau supposedly exists to protect you, but instead it tries to micromanage your everyday life.

Regulatory reform must move beyond limiting the damage that the financial sector can do and ensure that the sector genuinely serves society.

Our servicemembers are focused every day on serving our country. It's our job to ensure that they have everything they need to do their jobs to the best of their ability. That must include effective consumer protections against predatory lending, already afforded under the Military Lending Act, for our men and women in uniform and their families.

Reasonable regulations are essential to protect consumers from harmful practices and ensure that consumer financial markets operate in a fair, transparent, competitive manner.

Real choice is clear information and the right to walk away from a bad deal without leaving your wallet behind.

We need financial regulation that allows businesses and the banks they use to have access to the tools that help keep prices of consumer goods - like groceries and home heating oil - steady, while ensuring that the taxpayers are never again on the hook for the types of wild bets that helped crash the economy in 2008.

Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done.

North Carolina is home to some of the largest financial institutions in the country, and a vibrant network of community banks. We're a banking state, and we're proud of that distinction. But we also understand that responsible financial regulation protects consumers and businesses.

I would like to thank the Cypriot people for their maturity and collectedness shown in their interactions with the Cypriot Banks.

Because financially capable consumers ultimately contribute to a stable economic and financial system as well as improve their own financial situations, it's clear that the Federal Reserve has a significant stake in financial education.

If President Barack Obama had not been in the White House, we would not have the Consumer Financial Protection Bureau today.

The 21st Century Glass-Steagall Act will reestablish a wall between commercial and investment banking, make our financial system more stable and secure, and protect American families.

Frankly, I do like the idea that we centralize consumer protection for financial products into one agency.

I have and will continue to oppose any legislation that would undermine the important consumer protections provided under Dodd-Frank.

We marked a milestone for consumer empowerment when we began to publish consumer complaint narratives which allow people to share in their own words their experiences in the consumer financial marketplace.

The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were doing.

I want Britain to be the home of successful competitive and stable financial services.

Whether or not you have good consumer protection has a big effect on safety and soundness of the banking community, especially smaller banks.

Nine out of ten adult Americans have a checking account. It's the most widely used financial services product in the United States.

We think nothing of protecting consumers from faulty toasters or unsafe cars. Is it unreasonable to suggest that investors are entitled to information they can trust before investing their hard-earned money? I don't think it's unreasonable at all.

Our number one priority is to spend every peso possible to include those who are currently excluded.