He has also been a passionate advocate for the rights of individuals with disabilities. Ada amendments act of 2008 which president george bush signed into law and strengthened americans with disabilities act. He has served this committee with distinction and will be sorely missed. I look forward to continuing to work with him over the next year and a half as he completes his service in congress. I would now recognize the Ranking Member for any comments he may have. Thank you, mr. Chairman. I appreciate you doing this. For all the accomplishments that you just stated on my side its not only accomplishments of someone i can look over to the left and see on the wall of this committee, for me to be able to sit next to Jim Sensenbrener is one of the highlights of my career, in serving with him. It is often said when you have people you look up to and theyve played an impact on republican side would not have the frankly, the standing that we have, from whaeps done and over time. And it is so
The Mortgage Market issues where you wall discuss time to time whether allies have gone too far, whether theyve gone far enough. How can we answer questions at that data on the marketplace. That is different from a wind data on what senator vitter does. Personally identifiable data. We have personally identifiable data and consumer response where consumers can this data so we can work on their complaint and family constituents to your office collect personal viable data appeared to we. You dont collect any of that . For example we do not have address, Social Security number, account number. We are interested in the pattern of what goes on in the market. Too collected before you scrub it . We ask the data to be scarred for comes to us. Depends on which data. We will have a full briefing on this. Somebody involved in the process . Typically described before it gets to the agency. Private companies have all the data. They care very much like you and i do and theyre always marketing on tha
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
See certain the Congressional Black Caucus foundation discussion is available on cspan. Org. Well leave this and take you to a discussion in washington on financial regulations and their role in the u. S. Economy. Youll hear from robert cook, president and chief executive officer of the financial industry regulatory authority. Live coverage here on cspan3. Robert and i talking about developments. Were going to have you, the audience, become part of the discussion. Let me take a minute or two to discuss or frame our discussion and then introduce robert. A regulator of central importance although not widely understood and a lot of people dont know a lot of things about it. It is commonly called a Self Regulatory Organization or sro. Its a delaware not for profit corporation. It is not a Government Agency. Yet, it is important in terms of its size and scope. It has a budget of approximately 1 billion which compares to the s. E. C. s budget of 1. 6 billion. It has approximately 3,500 emplo
Bargaining or other mutual aid or protection. This argument is just over one hour. This courts cases revive provide a well trodden path for resolving such claims. Yield in theonly face of a contrary congressional command and the tie goes to arbitration. Applying those principles to section seven, the result is clear that the faa should not yield. Is that a concession that this is a concerted action . I do not know that it is a concession framework,opted that should we assume this is a concerted action . The faa prevailed. I think what you would say, justice kennedy, is the activity protected by section seven gets them to the threshold of the courthouse. Section seven is directed to the workplace, not the courthouse. It protects their right to decide they want to initiate action. The courthouse is not at issue here as i understand it. These employees say we do not object to arbitration, what we oneonone, is the the employee against the employer. The driving force of the nra was the reco