On the recordApril 14, 2015
I am just now seeing this motion to recommit, but there are a number of areas that, frankly, make very little sense to me. The motion to recommit uses the phrase ``has been found.'' I don't know what that means. The CFPB can enter into consent orders. Does that mean this has been ``found''? Often, consent orders are entered into without any admission of liability or culpability. Next, we have the term ``predatory.'' We won't find this term otherwise in title X of Dodd-Frank. What does it mean? We don't know what it means. How about ``abusive''? We know the CFPB is at least charged with coming up with a definition. They have not come up with a definition yet. We have been told that some practices that might be totally legal for the market for some consumers might be abusive to others. What does that mean? Again, Mr. Speaker, what we are trying to do here is help low- and moderate-income Americans have the housing opportunities that the rest of us have. What we really ought to be on guard against are predatory voting practices that deny people their ability to live in a mobile home. What we really ought to be targeting is abusive voting practices that deny people lower closing costs in order to deal with points and fees from affiliated firms. That is what we really ought to be on guard for, Mr. Speaker. I would urge all Members to reject this motion to recommit.…
