Barney Frank: “If that was the -- the best you could do, I could go for that, for this reason.”

We should have made it much higher, $125 billion or more, and we should have indexed it.

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…

People around the world have learned they can claim asylum and remain in the U.S. indefinitely to pursue their claims.

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.