I just want to say briefly I will not be able to stay until the time when I would be able to ask questions, but I am concerned about a process that is underway by which the CFPB is collecting a vast amount of information about credit card usage.
Toomey expresses concern over CFPB's data collection on credit card usage.
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I think there is a case to be made that there should be a regulatory regime on disclosure requirements for an issuer.
Congress can and should offer a sensible approach for the domestic regulation of these activities.
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