On the recordJuly 15, 2009
Governor Duke, as I think someone else said, the Fed has had the right to regulate unfair and deceptive loans since, I guess, 1994. Is that correct?
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congress.govGovernor Duke, as I think someone else said, the Fed has had the right to regulate unfair and deceptive loans since, I guess, 1994. Is that correct?
Bachus questions Duke about the Fed's regulatory authority over loans.
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If you are imposing costs on the system, you should have to internalize them.
But removing all that information you promise us that you don't want, you don't need, you are not going to share, why even receive that information?
Thank you. Mr. Chairman, I yield the balance of my time to the gentlewoman from Alabama (Ms. Sewell).