Tag: bank fees

This commentary is excerpted from testimony before the U.S. House Committee on Financial Services. By Todd Zywicki An animating premise of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) was the belief that a primary source of financial instability was an inadequate consumer financial protection regime at the federal level.  Dodd-Frank sought to address those perceived deficiencies by creating the Bureau of Consumer Financial Protection (CFPB) and vesting that new super-bureaucracy wielding an unprecedented combination of vast, vaguely defined substantive powers with no democratic accountability.  At the outset, allow me to stress that I personally agreed with the proposal to combine the administration of federal consumer financial protection laws under one agency’s roof. The preexisting system was too… View Article

The best way to make a lasting impact on public policy is to change public opinion. When you change the beliefs of the people; the politicians and political parties change with them.

Senator Herman E. Talmadge more quotes