On the recordJune 8, 2017
Despite the rhetoric and whatever its intentions, since Dodd-Frank's passage, big bank profits are shattering records, and home ownership is down, way down, to the lowest level seen in over 20 years. Car loans and small-business loans are much harder to get, too. Simply put, Dodd-Frank has been great for Federal regulators and even big banks but very bad for Hoosier consumers. The Financial CHOICE Act changes that. It ends too big to fail and enables Hoosier financial institutions to escape the one-size-fits-all regulatory regime of Dodd-Frank. That will help hardworking Hoosiers get more affordable loans. The Financial CHOICE Act also includes my bill, the RIGHTS at the CFPB Act, which ensures that anyone pursued by this Federal agency will have their rights protected and get their day in court. I urge support of the Financial CHOICE Act.
