But it is not going to be represented as our administration's view with regard to what the policies and rules and regulations are of this administration. Okay, I'm going to skip my setup and just get right to my question. How can The CFPB should ensure it meets the statutory objective of protecting consumers from genuine misconduct while also ensuring that its supervisory and enforcement activities do not unnecessarily discourage responsible lending to the small businesses that drive local economies. You Talked about the $360 billion in regulatory costs to consumers. We know that an unclear direction simply just causes people to say no on their lending. (01:06–01:23)
CLAIM
Asserts that the CFPB has a statutory objective to protect consumers without discouraging responsible lending.
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