Maxine Waters actually said...

The current preemption clause insulates assignees from liability for their own conduct if it is not under the rubric of fraud.

Highlights a potential issue with the bill's preemption clause regarding assignee liability.

04/22/2009

More Maxine Waters Quotes

The Bureau has fined banks and captive lenders such as Toyota, Honda, and Fifth Third Bank, for discriminatory practices.

The Bureau's accomplishments under your leadership have helped more Americans participate in a financial system that is fair and strong.

We must stop this debt trap, and we must fight any efforts to weaken, roll back, or stop the CFPB's upcoming rule.

Effective international efforts will require strong U.S. leadership over the long term.