That is just common sense. And I think that this rule is a concrete example of the agency working with consumers and the financial industry to allow responsible access to credit and liquidity to American families.
McHenry emphasizes the importance of a new credit rule for families.
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We need to understand the decisions that were made last weekend on -- from Thursday until Sunday night...
This is a matter of real substance for the independence of the Fed and the rulemaking at the Federal Reserve.
We need to get to the bottom of whether or not this is a supervisory problem, a regulatory problem, a bank mismanagement problem, perhaps all three.
Broad and material changes to the Basel III Endgame necessitate a full reproposal. Full stop.
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