Barney Frank: “The Consumer Financial Protection Bureau is up and running, already returning $4.6 billion to 15 million consumers.”

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…

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

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

Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.