Ultimately--
It seems to me if we were talking about rate caps, that would be an appropriate place for Congress to set the larger pol...
Congress will set the standards for this agency, and then ask the agency to go and use its rulemaking authority.
If we make the real point about disclosure, can the consumer accurately understand what you have just done?
Excuse me, Congressman. They are not interested in consumer protection.
That is right, that is what is proposed.
I will start by saying the person who was talking about banning products actually wasn't me; it was Mr. Yingling who emb...
I think that this is an area where a per account fee makes a lot of sense.
No. It is the customer who will make that decision.
If we get that right, the need for the States to write additional regulations, in my view, becomes much less.
This creates a floor, and it creates a floor.
regulation must shift in the financial services area from who issued it to what the product is.
Congressman, I can't understand this without seeing what the paperwork is that accompanies them and what the disclosure ...
I am tired of it, too.
The agency could say if you will issue a page-and-a-half credit card contract that is readable, a one-page mortgage that...
We are trying to say that more legal mandates of ineffective disclosure is not helping the consumer.
I am completely in favor of making these products transparent enough that people can read them, understand them, and mak...
What I really think is that it is time to talk about disclosure in a way that means something.
