Barney Frank: “I am very pleased to be joined by so many leaders on the Financial Services Committee. I now yield 3 minutes to one of…”

I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.

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…

Protection and advocacy Agencies, which are Federally funded entities charged with enforcing the rights of persons with disabilities.

Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.