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.
Frank emphasized the need for regulators to recognize differences in financial products.
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I look forward to congratulating you, Mr. Chairman, on a fourth anniversary coming up.
Why has FSOC undertaken a thoughtful analysis of one category of nonbank companies, but not another?
We did have a fund, and there has been a fundamental difference between the two parties on whether or not we should assess large financial institutions.
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