Consumer Finance Quotes

As we think about the future, one of the things we will do is to make sure PayPal becomes the central part of consumers' lives, how we enable consumers to manage and move their money more efficiently, easily, and less expensively than some traditional ways.

Former Senator Al D'Amato in 1991 offered an amendment to cap credit card interest rates at 14 percent.

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.

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

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

It is easier to disrupt consumer finance. It is much harder to disrupt institutional finance, Wall Street. It is very heavily regulated, and because it is institutional finance, you are dealing with incumbents.

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

Before the CFPB, there was no single agency or entity within the federal government tasked with protecting Americans from predatory or negligent practices of banks, credit card companies, mortgage lenders, payday lenders, credit rating agencies and other financial service businesses.

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.

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 credit card is a convenient device that saves you the trouble of counting your change.

When I was a kid, there were no credit cards. Instead, retailers offered layaway plans. My mom would go to a store, such as a furniture outlet, choose the sofa she wanted, and put it on layaway. That meant she put a little money down to hold the sofa, and every payday she'd pay a little toward the purchase.

Our view is that consumer finance - what people think of as retail finance - that arena is ripe for disruption. Bitcoin is absolutely a core platform and asset format that we are dependent on to build this business.

The way the credit cards were made in the '80s to be a people's form of capitalism and be able to make it so that you could get a loan that you would have been denied previous, now that's the way stocks are.

Banks introduced the installment plan. The disappearance of cash and the coming of the credit card changed the shape of life in the United States.

Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers.

My own feeling on the consumer is that he - he or she looks at what it costs them to pay their bills every month as opposed to how much debt they have.

Is there a market for somebody selling a credit card that helps people pay down their balances? I think the question is yes. But it would have to be sold by a bank that's really willing to invest in being a trusted partner with its consumers, because they will make less money on each consumer.

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.

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

Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers.

With the right sources of funding and some smart, strategic thinking about how to force non-banks to follow the same rules as other lenders, the entire landscape of consumer lending would change.

Car designers are just going to have to come up with an automobile that outlasts the payments.

Narrow banks could restart effective intermediation and ensure that consumers and employment-creating small and medium-size enterprises are adequately financed and can contribute to the reactivation of the economy.

Pawn shops have been around for thousands of years - they were the number one form of consumer credit up until the 1950s, but we were vilified by Hollywood. We were easy people to vilify.