We have passed legislation in the committee I chair through the House to restrict bad subprime lending, to begin the process of controlling derivatives, to protect consumers, to limit credit card abuses.
Barney Frank discusses recent legislative efforts to regulate financial practices.
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We are talking about dismantling the one and only consumer protection agency that we created.
Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.
For example, there are key differences in product characteristics between payday, car title, and other high-cost secured loans and more traditional closed-end unsecured lending and related products, and the products are often regulated…
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