That’s House Financial Services Chairman Barney Frank’s mantra on the CFPA.  From a briefing he held this morning:

U.S. Rep. Barney Frank promised Friday morning that the consumer protection agency approved the day before by a House committee would take a hard line on enforcement.

Frank, D-Mass., pointed specifically to services often aimed at lower-income people, including payday lending and check cashers, as targets of increased monitoring.

“There will be no more unregulated consumer activity,” Frank said at a conference on financial options for people without bank accounts. “This bill explicitly empowers them to impose regulations on payday lenders, check cashers and people who send remittances.”