Barney Frank: “The question I had to ask you is this: Why do they not want to be designated?”

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…

It was because they were banking crypto, not because they were insolvent.

It was a great mistake to push lower income people into housing they couldn't afford and couldn't really handle once they had it.

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