Republicans' idea of CFPA: Limit its oversight to 'large non-bank mortgage originators'

flpoljunkie

(1000+ posts) Send PM | Profile | Ignore

Thu May-06-10 07:31 AM
Original message

Republicans' idea of CFPA: Limit its oversight to 'large non-bank mortgage originators'

Naked water carrying! Elizabeth Warren says the Senate Dems' Consumer Finance Protection Agency must not be further watered down, and yet, the Republicans put out this industry wet dream they call 'consumer protection!' Emphasis mine.

Consumer protection. Republicans want to constrain the scope and reach of the proposed Consumer Finance Protection bureau. They floated a new proposal Wednesday to relegate consumer protection duties to a division of the FDIC and limit its oversight to "large non-bank mortgage originators" (read: not the commercial banks, credit card companies, pay-day lenders and other institutions Democrats would like to see under the bureau's power.)

http://swampland.blogs.time.com/2010/05/05/today-in-financial-reform-not-much/#more-25865%23ixzz0n9RSH5iV

Printer Friendly | Permalink | | Top

Supersedeas

(1000+ posts) Send PM | Profile | Ignore

Thu May-06-10 02:11 PM
Response to Original message

1. Wall Street little puppets know when to jump and how high.

Integrity check.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Mon May 13th 2024, 05:24 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.