to that conversation and give you an opportunity to tell the committee How many Americans you are collecting there financial data? How many Americans do we have that you collect on? So again, and I've tried to give this Answer several different times. I'm looking for a number. How many Americans? Okay? That's not the way the question can can be answered. Let me let me let me try to do want me to try to answer it Do you have a number? Okay. Do you have a number? Redifferent buckets of pieces. There's a consumer complaint data a couple hundred thousand So I'm gonna bring a drug into the supervisor capacity. Okay. How many Americans do you collect on there? Okay, we don't collect directly from any American supervisor capacity We go to institutions and we work with the institutions understand how they're affecting their how many institutions? How many institutions collect from Americans are collected for you through these third parties? Okay, so we oversee Approximately 110 large banks and a few credit unions with assets of 10 billion or more So how many they have significant Americans that's my question for you. Give me answer It's it's not the way the work is done, sir I mean it's it's like asking me you know what color is is this song? It's just not quite the same thing so What would a credit vision won't talk about your song? Let's go to credit cards How many how many actual credit cards are you collecting on America's? Credit card data credit card information so Three different ways one would be they may come to us with a consumer complaint that would be and it made you Credit cards that would be I think America wants to know a number of how many you're collecting and you're giving me a lot of explanation But I want an answer of how many credit cards does the CFPB collect data on okay? We don't collect any data from individuals about their credit card accounts other than those who come to our consumer response Functions what we do is we go to credit card issuers who we're required to oversee and make sure they're complying with the law And we need to look at their at their Institutions and their practices to see if they are complying with all and by the way some of them have not bought and we've gotten back to 25 card of dollars to You monitor credit card accounts do you monitor through your agency or any of your third party contractors and your credit card accounts And that's the third bucket okay, so consumer complaint supervision and then market monitoring on the market monitoring as as we have indicated Before and and and to make us indicated to you. We are gathering sample data on the credit card mark my time for a second Mr. Antone nicas Was asked these questions in senate banking you were asked these questions And you come today you'll prepare to give us numbers on the number of Americans that have their financial transactions and data collected by the CFPB So what I'm fully prepared to do is to give you explanation of how these programs work What I think America deserves is the transparency that you promised okay, so again, I'm giving us that transparency again What we're delivering for To get an asset on that part is in for you to give me protecting the Indian Americans of the bank so the financial institution over side of the For which you collect the time belongs to the gentleman of Wisconsin You're not going to give me a direct number. I'm fine with that. Okay, still in wall me Let's talk about financial institutions Will you give me the names of the financial institutions for which you collect Financial data on Americans will you give me those names? Okay? Yes or no what we're collecting is your question. I just need to correct the premise of the question Will you collect data on how those institutions comply with the law and they haven't always All you buy with the law. All right, there are 110 large institutions I'll reclaim my time. We want to answer my question already issuers the claim for transparency mr. Director Isn't being mad and so let me just say I'm gonna ask you this the American people don't know what the CFPB is doing And if you look at another agency, it's called the NSA and they collect information about Americans phone records America has said I'm a road my phone company have an information about my phone records But man am I outraged when the federal government takes that information from me And you're here to protect consumers And you're taking this financial data that they've said it's okay for their financial Institution to have and you're taking it in you're not giving them any transparency About the information you're taking how much you're taking from who you're taking it from and that's incredibly frustrating Why don't you just level with us? We've asked you these questions over and over and over again and you come in and you stone wall You try to explain but never do we get answers? Never does America get answers look I understand that you you want to make a speech and I appreciate that But there's no comparison between the NSA and the CFPB. Oh there is the false comparison. Oh no there is we're doing work to protect Seek me and consumers have benefited you have numbers we're doing many more Benefit names of banks or numbers of consumers who have their data collected do you have those numbers or those names? There are 110 banks. Okay. I can I can name a number of them you to give me a wish Okay, we're looking at credit card matters at Jim the name Morgan Chase We're like an credit card matters at Bank of America. We're looking at credit card matters at Capitol one We're looking at cat credit card matters at discover American Express all of the American now single one of those the greatest We're going to make sure they're the best information and the American numbers are the time of the government has expired You're now recognized as gentlemen from Minnesota mr. Ellison Thank you direct cordray and Congratulations on your confirmation. Thank you, and thank you also on behalf of so many Americans who have benefited from the good work of your agency. I believe there's a total of 432 million dollars Being directly refunded to more than six million consumers because of your work So you've had to endure criticism regarding data and I think questions that people want answered But I think to the six million people who you help get refunds. They're pretty happy about the work you're you're doing So many proclamations named made in the name of Americans those six million are Americans too For example the numbers of the United States military who were refunded about 6.5