Barney Frank said...

I originally wanted it to be a single director. The intraparty votes in the House... wanted it to be a commission, so we compromised.

Frank explains the decision-making process regarding the leadership structure of the CFPB.

07/22/2014

More Barney Frank Quotes

The Consumer Financial Protection Bureau is up and running, already returning $4.6 billion to 15 million consumers.

Dodd-Frank... provided oversight to Wall Street, gave regulators the tools to end the era of too-big-to-fail entities.

I know what invidious discrimination is like. I have been to colored water fountains.

Dodd-Frank actually said that there is no legal authority to use public money to keep a failing entity in business.