What has happened, Senator, and that question is a very good one, is that many nonbanking institutions have, in effect, invoked the shield by aligning themselves with national bank...
I agree with you wholeheartedly that this bill is a first draft; it needs refinement, it needs work.
I think there is some agreement that certain products should be banned.
The proposal here to put a floor rather than ceiling on the impact of Federal regulation, I think is a very important one.
This proposal would create a new agency, a very strong financial products watchdog and guardian.
We can't have a functioning economy if Harry and Louise can't safely invest and borrow without fear of being cheated by greedy banks and Wal...
This financial State partnership was riven and destroyed by excessive resort to Federal preemption.
Since the very first hearings before this Committee on modernizing our financial regulatory structure, I have said that consumer protection ...
Unfortunately, some opponents of this agency have misrepresented its purpose. The Financial Consumer Protection Agency will not 'regulate cr...
Creating a new agency to fight consumer cons and abuse in alliance with the States, the Federal Government can muster more potent and proact...
As a former United States Attorney, I can tell you that organized crime would offer a better deal.