Whether it be in automobile, floor plan, or credit card, you have already transferred the obligation or the risk portion of the paper, and now under Dodd-Frank, we are asking you to retain something that you have already transferred.
David Schweikert: “Whether it be in automobile, floor plan, or credit card, you have already transferred the obligation or the risk portion…”
On the recordFebruary 23, 2016
Source
congress.govEditor's note · Context
Schweikert critiques Dodd-Frank's requirements on transferred financial risks.
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