“I am very pleased to be joined by so many leaders on the Financial Services Committee. I now yield 3 minutes to one of them, the gentleman from North Carolina (Mr. Watt).”
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.