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Detailed text transcripts for TV channel - FOXNEWS - 20130918:20:09:00

don t make enough transactions each month. so the whole thing reminded me of a here s what happened. we re not going to be able to raise fees on interest. right? you have another fee. each time the government tries to hammer out a regulation, more bank fees pop up like the pesky moles do. neil: sometimes i go too far but the point was then, as it is now, that in our infinite wisdom to help, we create more problems and charley, to your point, we create a lot more problems. it s a super flews agency, the scoop consumer protection agency. neil: what does it do? watch other consumers and regulate banks. neil: how is it different from the fdic. 50 state attorney generals, u.s. attorneys. neil: we need more or better? you know, i think listen,

Neil cavutoBank feesThe scoop consumer protection agencySuper flews agencyState attorney4us attorneys

Detailed text transcripts for TV channel - FOXNEWS - 20130918:20:35:00

saying if you take the position that your viewpoint is contrary to the president, say on obamacare, on abortion, that s not sported by fact, its emotive and you should not get your tax exemption which is the opposite much what the founding fathers envisioned our constitution to mean. we have robust free speech. there s something else that has to be the business community concerned. that s this, this is the agency that is tasked with enforcement of obamacare. the affordable care act, the irs. we know from testimony today that donor information is still maintained by the irs which of course is a violation of their own rules. do people want the irs having access to records that your medical records, health records, to determine if you re in compliance with the affordable care act? i don t think so. a lot of businesses for economic reasons are opting out.

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Detailed text transcripts for TV channel - FOXNEWS - 20130918:20:08:00

consumer protection agency that has oversight. neil: we ve got a dozen of them. we ve got a dozen of them. should they be watched more, scrutinized more? i don t know about more but i will tell you they need to be watched. i don t know that we need more laws. okay? when you re in congress, all you want to do is pass pour laws. when you re a legislator, pass more laws. neil: actually, it s a consumer issue so that s going to be the new consumer agency director, but it involves stocks that could be the security and exchange commitment. that involves futures, so it might be commodity futures. my job is to do everything i can to stand up this agency and to make it work, to make sure that we hire good people and that we move in the right direction. neil: now you re going to be slapped with a charge if you

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Detailed text transcripts for TV channel - FOXNEWS - 20130918:20:46:00

in your a bank of america customer through merrill lynch, you have this. it s just credit product. neil: you don t see the risk? seriously, i don t mean to belabor that. you don t see the risk for overlap? bank of america, i ve got a bank of america account but because it s bank of america and owns merrill lynch, i have an account through merrill lynch that might or might not be the purview of this agency and the sec will say that s our area. actually, i have not seen that. it won t happen. i think the bright line is clear. there was discussion about whether she should have jurisdiction over securities and they argued the sec should keep that. there s tension between consumer protection and soundness issues as before but the agencies at this point are working through those. no, i don t see that as an issue. i haven t seen it surface. the legislation was to bank

Neil cavutoBank of americaYou don tMerrill lynchThe scoop consumer protection agencyConsumer protectionHaven tBit surface

Detailed text transcripts for TV channel - FOXNEWS - 20130918:20:07:00

Detailed text transcripts for TV channel - FOXNEWS - 20130918:20:07:00
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