On the recordMay 13, 2015
One of the problems I have is that this introduces a Federal standard and it takes out the States.
Source
congress.govOne of the problems I have is that this introduces a Federal standard and it takes out the States.
Lynch expresses concern about federal legislation undermining state consumer protection laws.
Share & report
More from Stephen Lynch
the goal here and the statutory direction for the CFPB was we were trying to provide a single point of accountability for enforcing Federal consumer financial laws in protecting consumers in the financial marketplace.
I just want to, you know, put a stake in the ground, put a flag in the ground on that for you to take a good hard look at that.
We seem to keep falling behind with these 1-year, I think it is called as-needed funding.
the traditional role of the SEC and a central tenet of our securities laws aims to protect investors.