[inaudible conversations] [inaudible conversations] come to order. Without objection the chair is authorized to declare a re cess for the committee at anytime. Entitled bureaucratic overreach for Consumer Protection. Examining the cfpbs latest action to restrict composition in the payments. Without objection all members have five legislative days to submit extraneous materials for inclusion in the record. I want to recognize myself for five minutes to give an opening statement. Todays hearing, bureaucratic overreach or Consumer Protection, examining the cfpbs latest action to restrict competition in payments in my view is critical because its going to talk about this large participants in the general use of Digital Consumer payment applications market. This is the sixth lpr that the cfpb has initiated. And putting aside the egregiously short Comment Period which frustrates both members of this committee, the deeply flawed cost benefit analysis which are both have become hallmarks of th
Backers say it is necessary to protect consumers. Opponents say it is too broad and could limit competition. This portion of the subCommittee Hearing is about 90 minutes. [inaudible conversations] [inaudible conversations] come to order. Without objection the chair is authorized to declare a re cess for the committee at the committee on Digital Assets Financial Technology will come to order. The chair is authorized to declare a recess at any time. This hearing is entitled bureaucratic overreach or Consumer Protection. Examining the latest action to restrict competition in the payments. Without objection all members will have five legislative days to submit extraneous materials for inclusion in the record. I want to recognize myself for five minutes to give an opening statement. Todays hearing bureaucratic overreach or Consumer Protection examining the cfpb latest action to restrict competition and payments in my view is critical. It will talk about this large participants in the genera
[inaudible conversations] [inaudible conversations] come to order. Without objection the chair is authorized to declare a re cess for the committee at anytime. Entitled bureaucratic overreach for Consumer Protection. Examining the cfpbs latest action to restrict composition in the payments. Without objection all members have five legislative days to submit extraneous materials for inclusion in the record. I want to recognize myself for five minutes to give an opening statement. Todays hearing, bureaucratic overreach or Consumer Protection, examining the cfpbs latest action to restrict competition in payments in my view is critical because its going to talk about this large participants in the general use of Digital Consumer payment applications market. This is the sixth lpr that the cfpb has initiated. And putting aside the egregiously short Comment Period which frustrates both members of this committee, the deeply flawed cost benefit analysis which are both have become hallmarks of th
Political. And financial reform political. Step back a moment. The media knew about the trump allegations and trying their relief for maximum damage. Is this a coordinated attack on a candidate they despise and no response to the collusion with the Clinton Campaign, clearly shown in the leaked podesta emails, 26 days to the election. Other news, tom ahawk missiles fired by a u. S. Destroyer and took out three installations in yemen raising the stakes after attacks on u. S. Navy vessels earlier this week and theres a stock selloff coming this morning, more warnings of an october surprise for wall street. Oh, what a day. Varney company is about to begin. I want to get right at it, overnight, Trump Lawyers sent a letter to the New York Times saying the allegations the paper present r printed today are an attempt to smear donald trump. They lend a libel suit. Is it a possibility that it would stick . A libel suit . Its very difficult. Donald trump is what the law characterizes as a public
Alix it is all straight ahead on bloomberg best. Alix welcome and hello. Im alix steel. This is bloomberg best. A weekly review of the most important Business News analysis, and interviews from , Bloomberg Television around the world. It has been a momentous week for Monetary Policy with rate decisions from the bank of japan, the u. S. Federal reserve, and the bank of england. On the top headline was monday, disappointing data from china. The latest data from china likely to heed more pressure on the leadership as they try to meet this years growth target of at least 6. 5 . Industrial output and retail sales both slowed in the january february period. Industrial output rising just 5. 4 . That is below estimates and that suggest sluggishness in demand from abroad. Thackeray deflation has persisted now for some 48 consecutive months. Retail sales is a key barometer for the government for consumption trends. It climbed 10. 2 . That missed the 11 forecast of economists surveyed by bloomber