Given Regulatory Process News Today

The bank takes your home. you havent missed a payment. if you did that to your neighbor, you go to jail for stealing their home. you cant just take peoples property for no reason, right? 20 times this happened. this is all servicers. and the servicers rules, cfbp, i have a lot of admiration, they look weak. they look like theyre not up to the task. and it prompts the question, if the cfpb cant get good rules in place for servicers, who have been one of the most toss toxic aspects, what hope do q...

>> seems in some ways thats a intervention for you. no ones going to pay any attention to that letter but its going to have some effect and curry some favor with the group. >> absolutely. look, the group louses it to sa the hill is upset, heres what they say. i passed a law. the agency said to me on trailers one time, they said, thats not what ney meant. no it wasnt. yes, it it was. so, it can work in reverse. >> youve been in the regulatory process. are you looking over your shoulder about what...

Funds work for american businesses. why risk changing them now? and this is a way of essentially work the refs on the regulatory process. my question is, given regulatory process by barney frank to get it to pass and given the stats at the beginning about deadlines that have been missed, do you think the process is unfolding encouragingly? was that the right thing to do? there are some that say they should have just broken up the banks. >> broadly speaking, i think that the rule-making across do...

Influenced by interests groups. deepak? >> because thats how it works. maybe not all the time but we saw, for example, when the president used his regulatory authority to give freedom to a million dream act kids, which was a use of regulatory power that changed a million peoples lives and have huge potential. when food inspection actually occurs, were safd from getting sick. the problem isnt we have too much regulation. the problem is enforcement -- we have to fix corruption of the process but w...