Frank Lucas: “Past abuses have made clear the need for increased…”

“I think you'd want to codify what kind of consumer risk that is so significant that the CFPB should extend its authority. And so I would remove those discretionary jump balls as much as possible. Director, On a similar topic, Past abuses have made clear the need for increased congressional accountability and oversight over the Bureau's actions. What structural forms would be helpful to ensure that in the future the Bureau stays within its statutory mandate and is not moving beyond Congressional intent.” (02:25–02:32)

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