How would you propose it be funded? Should there be some kind of user fee, whether on the lender or the borrower?
But the deceptive practices, the predatory practices, we have seen them in the mortgage industry.
we became a country that consumed more than we produced, borrowed more than we saved, and imported more than we exported...
the proposal that Senator Durbin and I are making is one part of that, but there are lots of other parts.
If we consolidate both rulemaking and enforcement in this one agency, then I am comfortable with the funding model.
I am very grateful to have a partner in this in Senator Shelby.
Thank you for holding this hearing, and unfortunately I got here a little late, so I am going to take a little bit of my...
sweeping reform of abusive credit card and mortgage lending practices will be an essential component of this Committee's...
I pledge personally over the coming months that we will rebuild the nation's financial architecture from the bottom up
We looked at everything from predatory lending and foreclosures to the risks of derivatives in the banking system.
The President has now made clear that regulatory modernization, which will protect consumers and investors in this way, ...