Call us and let us know what you think. Republicans call 202 5853881. Democrats can join in on 202 5853880. Independents can call 202 5853882. We will be joined by the Washington Post white house offer us moreto perspective on the state of the Financial System, four years after Congress Passed the dodd frank act. Media. Join us on social facebookvia twitter, or send us an email. Morning to you. I want to start by having you explain exactly what the goals of the dodd frank act were. Caller it passed in 2010 as a response to the financial crisis that nearly brought down the u. S. Economy before the Federal Reserve could save it. They try to learn the lessons of that crisis. It includes a whole host of new regulations on wall street. Risktaking by banks and consumers. Fail, keep the system operating without having to bail out banks with taxpayer money. Host those are some big goals there. How much progress have we made . We definitely have made a significant amount of progress eared there
To how you will address these persons and their homeownership that has been acquired . Bootup and the unsophisticated borrowers . Im talking about those that happen to have high networks. Okay. High net worth lows. Yes, sir. It generally is an area of great concern. The jumbo loans are being offered now in the market, surprisingly, and i think borrowers generally take care of themselves and we have no problem with any that im aware of. Is there a requirement for counseling High Net Worth . I am not familiar with that. Thank you. The time of the german has expired and we recognize the gentleman from wisconsin. Thank you, director chairman and i want to focus on the data that we have touched on a little bit today. I want to give you an opportunity on how Many Americans we are collecting Financial Data from. How Many Americans they are collecting Financial Data on. I want to answer several different times. Okay. It is not the way to the question seems to ask. You have a number . Okay, we
The Illinois state legislature, as part of an agreement with retailers to raise state tax revenue, passed a budget bill that would bar the collection of interchange fees on sales taxes, excise taxes and tips for transactions that would be subject to Illinois sales taxes.
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America’s Credit Unions Chief Advocacy Officer Carrie Hunt reiterated key points of the credit union difference in a message sent to lawmakers Monday. The