[inaudible conversations] [inaudible conversations] the Senate Committee on housing and urban affairs will come to order for days hearing his usual is in the hybrid format which is inperson with the witness. Mr. Claudio teen mr. Gensler its nice to see you. Welcome back chair gensler to this committee. Workers and their families dont measure the economy by the stock market and neither should we. Its why in the senate and the new Biden Administration we work to create an economy that delivers results for people who get there and comes from a paycheck not an investment portfolio. Raising wages and goodpaying jobs and lowering cost means fighting the corporate pricegouging is so often hurts consumers and the unfair labor practices. It means investing in American Manufacturing and workers and farmers who drive it and means making sure financial economy and our markets are stable. That includes going after companies that try to cheat the market. Chair gensler is doing that very well and it
The hearing before the Senate Banking committee is just over two hours. Witnesses are in person. Mr. Gensler, nice to see you. Members have the option to appear in person or virtually. Welcome back, chair gensler, to this committee. Workers and their families do not measure the economy by the stock market. Neither should we. It is why in the senate and in the new Biden Administration we work to create an economy that delivers results for people who get their incomes from a paycheck, not an investment portfolio, raising wages and good paying jobs and lowering costs means fighting the corporate price gouging that so often hurts consumers and the unfair labor practices that so often hurt workers. That means investing in the future of american manufacturers and it means making sure our financial watchdogs keep our economy and our markets stable. At the fcc, that includes going after companies to try to cheat the market. Chair gensler is doing that very well. It means strengthening corporat
Large variety of small dollar personal, auto, and Small Business loans, as well as critic, arts mortgages, and home equity credit lines. These can generate consumer benefits by lowering the price of Financial Products, expanding Consumer Choice and increasing competition. Often, they provide access to credit for higher risk borrowers such as consumers with lower incomes or no credit history, all through a highly supervised financial institution. Unfortunately, some bureaucrats and some lawmakers seem to react with hostility to almost any new Financial Products. Democrats in congress have majority branded bank fintech partnerships in general as rent a bank schemes. Last year they overturned and obc occ rule that provided over unfortunately, by attacking legitimate bank fintech partnerships, our democratic colleagues risk restricting access to needed credit for lower income consumers. And then theres the cfpb. Under director chopra, the cfpb has repeatedly demonstrated hostility to innov
[inaudible conversations] [inaudible conversations] the Senate Committee on housing and urban affairs will come to order for days hearing his usual is in the hybrid format which is inperson with the witness. Mr. Claudio teen mr. Gensler its nice to see you. Welcome back chair gensler to this committee. Workers and their families dont measure the economy by the stock market and neither should we. Its why in the senate and the new Biden Administration we work to create an economy that delivers results for people who get there and comes from a paycheck not an investment portfolio. Raising wages and goodpaying jobs and lowering cost means fighting the corporate pricegouging is so often hurts consumers and the unfair labor practices. It means investing in American Manufacturing and workers and farmers who drive it and means making sure financial economy and our markets are stable. That includes going after companies that try to cheat the market. Chair gensler is doing that very well and it