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Richard Shelby actually said...

if the Bureau can easily ignore a statute, it raises the more serious question of whether Congress or the Bureau has the final say over what the law is

Context

Shelby questions the authority of the CFPB to bypass laws.

09/12/2012

https://www.congress.gov...

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But Secretary Geithner basically says that any Federal guarantee should be priced according to the risk, without any political consideration...
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the mortgage finance system should be, quote, "capitalized sufficiently to withstand losses on defaulting mortgages that would result if hou...
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Our once dynamic and innovative housing market is now stagnant and damaged, crippled by regulatory uncertainty.
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View All Richard Shelby Quotes

Richard  Shelby
out of office

usa, Alabama

2,564 Quotes

Born5/6/1935 (age 90)

PartyRepublican

  • United States Senator

    1/3/1987 - 1/3/2021
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