Barney Frank: “When you get from Alaska to Florida, don't you have to pass Massachusetts, New Jersey, and North Carolina? Because the…”

the single-biggest issue that we dealt with in Dodd-Frank.

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…

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.

Congress generally, and this subcommittee in particular has historically played a critical role in strengthening accountability at the World Bank.