but there we had a very bipartisan view, it was joe barton, it was henry waxman, it was barney frank, who was your college classmate and backus, everyone agrees that we should keep our jurisdiction because we did a really good job and because there was uncertainty very, very early on. so -- >> you were very diplomatic and i understand where you're coming from and i have very little to add to what the chairman has said, except the following. first of all, with respect to the people who have gone over there, peggy toolly, who brought our principal pre2008 case that yielded consumers millions and millions of dollars went over to head up the cfpb's new nonrank financial protection program. second, i would point out, that the cfpb has exclusive jurisdiction over rule making, over fair debt collection practices. and it may make a rule which is broader than the one that we enforce under the fair debt collection practices act. we don't know. at the present time. the chairman is correct about that. but from my standpoint, it's folly, in this limbo state that the cfpb is in, comment that we kno

it was joe barton, henry waxman, barney frank who was your college classmate and congressman baucus. everyone agreed that we should keep our jurisdiction because we did a really good job and because the uncertainty there was uncertainty particularly very early on. >> you were very diplomat and i understand where you're coming from. and i have very little to add to what the chairman has said except the following. first of all, with respect to the people who have gone over there, who brought our principal pre-2008 case that yielded consumers millions and millions of dollars went over to head up the cfpbs knew financial protection program. second, i would point out that the cfpb has exclusive jurisdiction over rule making, over fair debt collection practices. and it may make a rule which is broader than the one that we enforce under the fair debt collection practices act. we don't know. at the present time. the chairman is correct about that. but from my standpoint, it's folly in this limbo state that the cfpb is in except we know that it's got a lot of our people doing nonbank work and