On the recordSeptember 12, 2012
The question is, how do we do it? Does adding more data to the file help or does it hurt?
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congress.govThe question is, how do we do it? Does adding more data to the file help or does it hurt?
Ellison discusses improving credit access for low-income consumers.
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I think that Representative Foster made a great point. Would it be a good idea to be able to go to the Fed and say, 'Raise interest rates or we are going to cut your budget.'? That is a bad idea.
The CFPB is part of our response to that financial crisis, and the CFPB has been a wonderful partner to State Attorneys General and to American families.
I am concerned about the overreach of government regulators, as you just expressed, about how they use the discretionary powers that they have to drive down political instruction and decisions.