Barney Frank: “We have an unhappiness on the part of a lot of citizens who are suffering deeply from the consequences of mistakes which…”

The Consumer Financial Protection Bureau may not exercise any rulemaking, supervisory, enforcement, or any other authority including any authority to order assessments over a motor vehicle dealer that is predominantly engaged in the sale…

I do think there is a tendency for an overreach by the FSOC. I do not think straightforward insurance companies or money managers should be covered and regulated as SIFIs.

They shouldn't lose their tax-exempt status but neither should they be able to go for a Federal grant as they would be under this bill.

Barney Frank, the author of the Dodd-Frank bill, in this committee, sitting in that chair, who has testified in this committee that he told us that the $50 billion threshold is arbitrary and that we should look at alternative methods for…