The underlying assumption is that our economic turmoil has somehow been caused by lack of regulation.
This Office of Consumer Financial Products, we would call it financial product polit bureau that ultimately will decide whether Americans ca...
Unelected bureaucrats will now decide for us what mortgages we can have.
The goal should not be enhancing regulation; the goal ought to be enhancing consumer protection.
Forgive me, but I do not buy it.
If you do not know the Rodriguez family of Mesquite, Texas, do not presume to choose their bank account for them.
I would say either, one, your testimony is not needed, or it has succeeded beyond its wildest expectations.
We simply cannot enshrine a too-big-to-fail bail-out policy.
There is no doubt each of us knows what a critical role the insurance industry plays in our economy today.
We don't necessarily need more regulation; we need smarter regulation, which will help the consumer.
Executive compensation limits to address systemic risk are the wrong remedy for what is probably a nonexistent problem.