On the recordJuly 7, 2015
Why has FSOC undertaken a thoughtful analysis of one category of nonbank companies, but not another?
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congress.gov“Why has FSOC undertaken a thoughtful analysis of one category of nonbank companies, but not another?”
Questioning the inconsistency in FSOC's regulatory analysis of different financial sectors.
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I was one of three Members of the House who voted against that. Three of us, Ron Paul, Dave Wu, and I voted to allow this bigot to continue to demonstrate his bigotry.
Yes, I was frankly struck that Mr. Labrador went to such great pains to deny this.
I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.
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