Would you argue with the notion that somebody in our government ought to show up every day with the prime responsibility for protecting or dealing with the issues of consumers in their financial matters?
Questioning the need for a dedicated consumer protection role in government.
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More from Melvin Watt
A presumption of innocence is foundational to our society, as is due process.
This is in line with my consistently repeated belief that it is the role of Congress, not FHFA, to decide on housing finance reform.
The real problem was that I think because there was this competition to make money for the private sector, there developed a race to the bottom.
What was needed in this industry was somebody to make responsible decisions and not let access overburden safety and soundness.
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