Subpar and illegal practices and providing almost 200 million in redressed 1. 6 million consumers. We have now handled, as we have mentioned, 650,000 complaints, a matter that is particularly important to us. This includes all manners of Financial Products and services. This includes each of the states. One excerpt from a Service Member in alabama reads that we open an account we became unable to pay the full amount and we made it an agreement to pay a lesser amount and campaign by allotment. And i was not served with the judgment prior to court or after, i was informed of it when my wages began to be garnished and we have asked to have this issue fixed. We have paid this company for a computer hutch, table and chairs, and the furniture has not lasted, however the payments continue. We need assistance as we have tried every other step possible. And another excerpt in my home state of ohio and ranking members home state reads that i elected to a reduced rate payment plan with a Student
The door is an excellent door. Its very well fortified, and its completely deployed. Its everywhere. The one vulnerability is this period of time when you have to leave for essential purposes, even passing meals or access the bathroom on the aircraft. Even if its for a very short period of time, and we take steps to make sure its for the shortest period possible, that period is when were most vulnerable. The installing of a very costeffective barrier, were talking 5,000 to 12,000 per aircraft once installed, its forever, no operating cost of it you can almost completely if not completely eliminate that risky period of time. Do you know what they look like . Ive seen some renderings, but is it a full door, or screen or what . Yes sir, its a wire mesh retractable, lightweight and its inexpensive as i mentioned. It goes from the floor to the ceiling of the cabin and its installed after the cockpit door, but before the passenger cabin. So as you enter an aircraft, normally you see the cock
Spends its funds because the cfpb operates outside of the appropriations process. Even the Federal Reserve which funds the cfpb from its earnings does not control the bureaus budget. Because congress cannot tighten the financial reins when Budgeting Issues arise the bureaus current structure makes meaningful congressional oversight very difficult. Socalled independence is one reason cited by the authors of dodd frank for the bureau structure. But other independent agencies such as the securities and exchange commission, the cftc, the ftc, and the cpsc are all subject to the appropriations process. Additionally, the bureau does not even have its own office of Inspector General, relying instead on the Inspector General of the Federal Reserve. Some of us have urged the adoption specific reforms to make the bureau more accountable, and more transparent. Putting the bureau through the appropriations process and establishing a board of director i believe it would resemble other agencies and
On the average to remove cleared suspects, former suspected, director comey, i think that we have to carefully balance that with our civil rights and liberties under the law. What specific steps is the fbi doing to ensure that innocent americans are not incorrectly placed on the no fly list and what reforms are being made to ensure those are erroneous replaced are quickly removed . First of all, i agree with you u. The premise its important to protect and protect our liberties. I know we have an extensive process that we go through before someone can get on the list to make sure weve got it right and as you said, im aware there is a process to remove someone. If theres a mistake or the matter has been closed, i dont know enough to respond to your concern about the time lag or what improvements are needed. Could you respond to us in writing . Sure. Well, let me then ask about hate crime tracking. After the 9 11 attacks, hate crime and violence committed against individuals in the hindu
Minutes. I call this into order. Welcome back to the committee. Today, we continue our regular oversight. Since it opened its doors, it impact on nearly every forct of the Consumer Credit cards and Mortgage Financial education. The bureau has conducted extensive outreach to both industry and consumers and has proven itself to be a regular regulator. Today, has obtained nearly 900 million of refunds and over 375,000 Consumer Complaints. Many of the cfpbs most significant actions relate to mortgage lending. For example, the about our recently finalized its mortgage disclosure to improve closing and provide key long terms to cost and consumer and clear understandable. While the Consumer Experience at the mortgage table is an important aspect of mortgage lending, the ability of consumers to access affordable mortgage credit is critical. Include went into effect this past january. I look forward to hearing how these rules will impact mortgage , particularly for smaller lenders in rural area