Barney Frank: “Because I don't think that we should have a de facto amendment to the House rules that puts the Senate in charge of what…”

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…

People around the world have learned they can claim asylum and remain in the U.S. indefinitely to pursue their claims.

It was a great mistake to push lower income people into housing they couldn't afford and couldn't really handle once they had it.