George Osborne Quotes

The credit card companies have put the loan sharks out of business.

I called for a consumer protection financial bureau before it was created. And I think the best evidence that the Wall Street people at least know where I stand and where I have always stood is because they are trying to beat me in this primary.

I agree with people who say we want more income equality; we want more consumer protection; and we want sounder banks. I agree with all that.

We've got to make greedy banks pass on interest rate cuts in full, and we've got to see rents coming down.

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

We need a president who will stand up for the CFPB and get it back into fighting shape. It is too important to be allowed to disintegrate.

A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking out a home equity line loan or home equity line of credit (HELOC), refinancing a mortgage, or taking out a personal loan. They then use this cheaper debt to pay off more expensive debt, most frequently credit card loans, but also auto loans, private student loans, or other debt.

Turn down offers for new cards or credit line increases on your current cards. Credit's tight, and chances are, you're not getting many offers anyway. But if you do, remember that the less credit you have available, the less trouble you can get into.

I have been working hard trying to implement Dodd-Frank reforms. We went through a terrible crisis in 2008. Many people lost their homes.

I would drastically revise much of the Dodd-Frank financial-reform legislation, which I call the 'Bureaucrat Full Employment Act.'

After Dodd-Frank, the big banks were bigger. The small banks are fewer.

Congressman Watt has a long history of advocating against predatory lending and the mortgage practices that caused millions of families to lose their homes.

I'll be very clear about this: I'm not a fan of getting rid of Dodd-Frank.

Make the financial industry pay for its mistakes. That's the idea behind the best of the Obama administration's reform proposals: If banks issue securities backed by mortgages, say, then require them to hold some of that paper so that they will bear some of the losses.

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.

Like all of my colleagues, I believe financial reform is necessary now.

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

I think that if you're going after large banks and large financial companies to try to make sure people are being treated fairly, you're going to make some enemies, and you're going to make people uncomfortable.

The administration will look at Glass-Steagall and what I referred to as the 21st-century Glass-Steagall as part of regulatory reform.

I became a professor myself, teaching bankruptcy and consumer protection. I conducted a national study of mortgage companies in bankruptcy. And what I found was that big banks routinely broke the law.

Certainly, some of the anti-bank rhetoric has shifted a little bit, but on either side of the aisle, there seems to be different tacts. On one side of the aisle, you see a proposed scaling back of Dodd-Frank. On the other, a proposed reinstatement of Glass-Steagall.

I actually thought that the marketplace was pretty imbalanced when the consumer bureau was first created and financial institutions did not have someone looking carefully over their shoulder to look after the interest of consumers.

Some of my colleagues are unwilling to vote for any Dodd-Frank reforms, partly out of the political fear that any reforms will be seen as reducing regulations on the financial sector.

Dodd-Frank is an important statute, but often when the government believes it's handling a particularly important issue, there can be a tendency to overreach.

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