Patrick Toomey actually said...

I think the suggestion has been that conventional understanding of the transmission mechanism of the increase in household net worth to cons...

So what does the bulletin do then? What is the purpose of the bulletin if it is not to provide any additional definition or clarification?

So are you saying the bulletin just says that which is illegal is illegal?

My reading of Dodd-Frank Title X grants the CFPB authority to use rulemaking for this purpose.