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Trump and CFPB

890 Views | 3 Replies | Last: 22 days ago by Martin Cash
Brad 98
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AG
I am reading that Trump could eliminate the CFPB and try and reverse Dodd Frank. As a lender, I am not sure what to think. What do you guys think?
NPH-
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AG
I for one am not opposed to doing away with some of the burdensome regulation that Dodd Frank has handcuffed the commercial lending environment with.

Speaking very broadly of course, more regulation leads to more restriction which leads to more red tape which leads to less lending which leads to less business growth which leads to lower wages which leads to less money in the average consumer's pocket. The amount of regulation, red tape & needless paperwork that has come with Dodd Frank is unbelievable. It's all about CYA these days.
Yesterday
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AG
I hope the CFPB burns in hell. That's my short take.
Martin Cash
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AG
Good riddance.
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