Barney Frank: “I cannot understand how anyone would think that it is the role of the Federal Government to prohibit them from doing…”

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

This bill--and I will differ specifically with Mr. Labrador on this--empowers people to take my tax money and use it to do things and then exclude me and Jim from its benefit.

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…

Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.