I do suggest a possible compromise, because there is a certain self-interest. Let us be honest among the Members. Perhaps the modification could be that any former Member using any piece of equipment would have to yield to a current Member.
Barney Frank: “I do suggest a possible compromise, because there is a certain self-interest. Let us be honest among the Members.…”
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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…
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