There was no reason to develop a business model that put tricks and traps in back and you pretended to compete on things that were not real.
What I really think is that it is time to talk about disclosure in a way that means something.
I am completely in favor of making these products transparent enough that people can read them, understand them, and mak...
We are trying to say that more legal mandates of ineffective disclosure is not helping the consumer.
The agency could say if you will issue a page-and-a-half credit card contract that is readable, a one-page mortgage that...
I am tired of it, too.
Congressman, I can't understand this without seeing what the paperwork is that accompanies them and what the disclosure ...
regulation must shift in the financial services area from who issued it to what the product is.
This creates a floor, and it creates a floor.
If we get that right, the need for the States to write additional regulations, in my view, becomes much less.
No. It is the customer who will make that decision.