Great news: Subprime lending escalating again « Hot Air: "Lenders are targeting auto loans, one of the few areas left outside of the new Consumer Financial Protection Bureau established by Dodd-Frank in 2010. At least, it’s outside of their jurisdiction at the moment. The NYT reports that the CFPB hasn’t yet decided on whether to extend their power in that direction. Let’s see — Obama and a Democratic Congress gave a bunch of activist bureaucrats the ability to set their own boundaries. I’m certain that they won’t use that ambiguity to claim jurisdiction over every facet of American life they possibly can … aren’t you?"
'via Blog this'
No comments:
Post a Comment