There are a lot of people who are watching what is happening in the industry, and we find that we are afraid that what happened in the housing market with subprime lending is now what is happening with automobile lending.
Waters expresses concern about parallels between subprime lending in housing and automobile lending.
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I am still mourning about the loss of that at the hands of two Democrats on the Senate side.
I am pleased that the CFPB is finally taking action to oversee these companies.
It is really critically important to the safety and stability of our entire financial system for there to be strong standards of capital, liquidity, and risk management for banks, especially for the largest banks.
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