Political Quotes

Barney Frank: “Yes. I would say, and let me just read the language at the bottom of page 4 of the manager's amendment. Those payments…”

On the recordNovember 15, 2007
Yes. I would say, and let me just read the language at the bottom of page 4 of the manager's amendment. Those payments "do not vary based on the terms of the loan or the consumer's decision about whether to finance." So we have tried to make it very explicit: Flexibility in method does not in any way reduce the prohibitions that have been stated against an incentive to charge more. And if it is necessary for us to say that again more clearly, as some people may think it is, we will find new ways to say it.
Said by
Barney Frank
Democratic · Massachusetts

Editor's note · Context

Discussing the manager's amendment related to loan payment terms.

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