New consumer bureau would hurt Main Street
(26 Apr 2010) Tom Donohue in The Hill – …reform legislation must be bipartisan and protect consumers, job growth and economic recovery. Unfortunately, the legislation fails to meet these standards. It would, instead, place new burdens on Main Street businesses that had nothing do with the financial crisis.
Don’t overthink fiscal oversight
(29 Mar 2010) The Denver Post – Â Rather than creating a new financial watchdog agency within the Federal Reserve, why not strengthen the existing system? Read more.
CFPA would limit credit and prevent consumer revival of the economy
(28 Jan 2010)Â The Bellingham Herald — Everyone agrees enhancing consumer protection is an important goal, but there is a right way to do it and a wrong way. The right way is to use common sense to fix what’s broken – the wrong way is to add another bureaucracy on top of the seven federal agencies that already protect consumers, especially when that new bureaucracy would burden virtually every business that extends credit to consumers with new costs.
We need financial reform, but we need to do it right
(4 Nov 2009) Idaho Statesman — I also am working for stronger and more uniform regulation to help better protect consumers – whether they deal with a local payday lender or a big Wall Street bank. We can do it, however, in a more effective, simple way than creating the new Consumer Financial Protection Agency proposed by the president.
New bank agency bad idea
(2 Nov 2009) Deseret News — The strength of America’s banking industry lies in its ability to foster competition and innovation. That’s the strength of the free market in general. It’s also a strength that comes with inherent risks. Congress and the president have the preposterous notion they can remove risks and keep the economy strong.
