Political Quotes

Rod Grams: “On July 6th, the Federal Financial Institutions Examination Council (FFIEC), published for public comment in the Federal…”

On the recordSeptember 23, 1998
On July 6th, the Federal Financial Institutions Examination Council (FFIEC), published for public comment in the Federal Register, its proposed changes to its Uniform Policy for Classification of Consumer Installment Credit Based on Delinquency Status. FFEIC is on the verge of adopting the changes in the proposals, with or without modifications based on the public input they received. I would like to ask my distinguished colleague, the Senator from Iowa whether the bankruptcy reform legislation currently before the Senate would significantly affect the agency's policy guidelines? My concern is that shortly after the FFIEC's new guidelines are adopted, it will have to rewrite them, according to the new bankruptcy reform legislation.
Said by
Rod Grams
Republican · Minnesota
Source
govinfo.gov

Editor's note · Context

Discussing proposed changes to consumer credit classification and their potential impact from bankruptcy reform legislation.

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