On the recordJuly 22, 2014
The Consumer Financial Protection Bureau is up and running, already returning $4.6 billion to 15 million consumers.
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congress.govEditor's note · Context
Frank notes the success of the Consumer Financial Protection Bureau in recovering funds for consumers.
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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.
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