Barney Frank: “I would like to see a very sharp distinction in loans. I would like the main safeguard against bad loans to be risk…”

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.

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…

The Supreme Court says we have a right to be married. There is no Federal legislation and in many States no other legislation that protects us against discrimination.

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…