Patrick McHenry actually said...

We want to make sure that there is cooperation from the CFPB with those State regulators.

McHenry emphasizes the need for cooperation between the CFPB and state regulators.

02/07/2012

More Patrick McHenry Quotes

This is part of their broader goal to dismantle the financial system as we know it.

A massive new government-run database of consumers' personal financial information would be a sitting duck for bad actors.

Can you imagine the IRS, the Post Office, or the DMV compiling and maintaining your credit report?

I am hard-pressed to find a worse idea, frankly, than to federalize and, ultimately, socialize credit reporting in this country.