Barney Frank: “I thought the question was pretty clear.”

They shouldn't lose their tax-exempt status but neither should they be able to go for a Federal grant as they would be under this bill.

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.

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…

I don't feel respected. I don't feel that this is kind to single out what I do.