Understatement
June 23, 2010 | federal legislation, industry | Comments (0)USA Today says the Consumer Financial Protection Bureau has a “big job.” My favorite quote from the story:
“It ought to be called the Office of Credit Contraction and Job Loss,” warns Rep. Jeb Hensarling, R-Texas. “The very credit cards you carry in your wallet can be determined by the federal government. In the land of the free, if I want to take out a certain mortgage that’s right for me and my family, why should a federal bureaucrat tell me I can’t?”
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