I have seen a letter that says 44 Senators will block any nominee to head up the Consumer Financial Protection Bureau unless the bureau is substantially changed.
Oh, I apologize. I currently am the Special Advisor to the Secretary of the Treasury for standing up the consumer agency.
No, sir, it passed, and I believe there were--there was some bipartisan support, but I don't think it was overwhelming.
Half of our entire budget and our FTE will be about supervision and enforcement.
I asked them at many points along the line, I know there have been other changes--I know it costs every time forms are changed--is this some...
Payday lenders have a bad reputation for taking advantage of people. No one should expect to be treated well by them.
The concern is, is that right now, they have a lot of rules that they're trying to put into place.
The one that we have teed up right now is this TILA RESPA combination, trying to reduce the paperwork around mortgage origination.
We will be there. We will be cops on the beat to do that starting next week.
we will. Starting next week, on Thursday, July 21st, we will receive transferred authorities...
Subprime lending, payday loans, and a host of predatory high-interest loan products that target minority neighborhoods should be called by t...