I am a defender of the CFPB and I am concerned about some of the details and that is all well and good, but for me details--we will work out what we can do.
Editor's note · Context
Capuano expresses support for the CFPB while raising concerns about details in their estimates.
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Unfortunately, H.R. 5037, seems to be aimed directly at the Martin Act, and by preempting these State laws, the bill would allow small-time fraud to run rampant.
I think it is important for us all to understand that we are talking about something that has a huge benefit to those of us that live in rural populations and, again, benefits the urban centers so they can get across those rural areas.
I personally think that a lot of the good we are seeing today is the result of the actions we took several years ago to stabilize, secure, and improve the economy and is now working its way through the system.
I am particularly opposed to this bill because in New York State, we have a powerful securities fraud law, called the Martin Act.





