The need for regulation seems clear, and I think we should understand that this is, to a great extent, part of a historical pattern.
Barney Frank
The Public Record
Barney Frank is a former U.S. Representative from Massachusetts, serving from 1981 to 2013. A member of the Democratic Party, he was known for his progressive stance on various issues, including financial regulation and LGBT rights. Frank played a significant role in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which aimed to prevent the kind of financial crisis that occurred in 2008. He was also one of the first openly gay members of Congress, advocating for LGBTQ+ rights throughout his career.
If the CFPA is to be effective in its mission, it must be structured so that it is strong and independent.
Senators Durbin, Schumer, Kennedy and Dodd offered the first legislative proposal to create a consumer financial agency.
Our organizations have strongly endorsed President Obama's proposal regarding what should be the agency's jurisdiction.
I will work with Mr. Cardoza to do everything that we possibly can to lend some help.
Representative Barney Frank has introduced a bill calling for a sweeping change in the federal laws on marijuana. He says it should be legal for someone to possess small amounts of pot.
Is there a danger if we were to adopt say-on-pay or some of the other rules that you are proposing, that we would have the capital flight
More than one-third of the money advanced to banks has already been repaid to the Treasury
We are engaged and have been engaged for months in dealing with the consequences of decisions made by the Bush Administration
It is one thing to have fairly intrusive compensation restrictions when people are getting money directly; it is another when we are talking about risk assessment
The Money Service Businesses Act of 2008, H.R. 4049, sponsored by Representative Carolyn Maloney, Chairman Barney Frank, Ranking Member Spencer Bachus, and Representative Judy Biggert, was passed in the House of Representatives.
It seems almost absurd that the licensed regulated business that serves an important need to its community would be driven out of business because no bank could serve it.
Chairman Frank, and many others, have been engaged already in this discussion.
Without a strong stance on these corrupt officials, this will only lead to poverty increases.
Ensuring prudent management of resources, promoting accountability and openness is of utmost importance.
We do not need our taxpayers' dollars going to prop up these regimes in Africa that are bleeding the countries of their natural resources.
Not simply to confirm that the authority is there but to say that we expect it to be used and to demand that if it is not used, we get a written explanation as to why not.
There are restrictions that should be imposed that are not now in existence to deal with that.
This, to me, is a clear example of why there needs to be in the Federal Government the power to unwind nonbanks.
I would urge that we maintain and, indeed, increase funding for the EEE as well as reauthorize this needed program.
I did believe passionately that the Federal Government ought to invest in a nationwide professional development program for teachers.
The economic crisis would never have occurred if all lenders originated loans in the same manner as credit unions.





