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Detailed text transcripts for TV channel - MSNBC - 20111208:05:31:00

It simply because they refuse to put any director in the place. the agency has been doing some work even in the absence of a director. new credit card agreements are being piloted to make things easier for people to understand, so you understand the interest rates and late fees you re signing up for when you sign up for a credit card. what else can they do if they don t get a director anytime soon? they can regulate certain institutions and can regulate banks and they are doing excellent things. for example, making it more transparent and clear what s on your credit card, what the fees are. those are positive things they re doing. but remember, part of the reason we had the entire financial crisis was that there turned out to be a whole group of, quote, nonbank institutions that were out there manipulating consumers on all sorts in all sorts of ways. ....

Credit Card Agreements , Interest Rates , Credit Card , Nonbank Institutions , Group Of ,

Detailed text transcripts for TV channel - MSNBC - 20111208:05:30:00

He has a tremendous record as attorney general of ohio. so i think this is really a philosophical debate the republicans are having. and it s so wrong headed in terms of the lessons we ve just learned. if there s one thing we should have learned from this financial crisis is you do not want to have financial supervision where a whole host of institutions that are dealing with average people have a hole where they don t have supervision. that s exactly what they re doing. the way the law was created is our new consumer watchdog cannot regulate so-called nonbank institutions. meaning payday lenders, credit institutions, debt collectors. they cannot regulate or supervise any of them until there is a director. so every day they hold this up, even while small community banks are playing by the rules, you ve got a so-called installment lenders preying on the families of veterans, charging them, seriously, 300% interest rates over a year. and we cannot do anything about ....

Attorney General Of Ohio , They Dont Have Supervision , Payday Lenders , Debt Collectors , Consumer Watchdog , Nonbank Institutions , Credit Institutions , Interest Rates , Installment Lenders , Community Banks ,

Detailed text transcripts for TV channel - MSNBC - 20111208:02:31:00

It simply because they refuse to put any director in the place. the agency has been doing some work even in the absence of a director. new credit card agreements are being piloted to make things easier for people to understand, so you understand the interest rates and late fees you re signing up for when you sign up for a credit card. what else can they do if they don t get a director anytime soon? they can regulate certain institutions and can regulate banks and they are doing excellent things. for example, making it more transparent and clear what s on your credit card, what the fees are. those are positive things they re doing. but remember, part of the reason we had the entire financial crisis was that there turned out to be a whole group of, quote, nonbank institutions that were out there manipulating consumers on all sorts in all sorts of ways. and they were completely not subject to supervision or regulation. so to now, in this environment, recreate that, so that you can h ....

Credit Card Agreements , Interest Rates , Credit Card , Nonbank Institutions , Group Of , Payday Lender ,

Detailed text transcripts for TV channel - MSNBC - 20111208:09:31:00

Lenders preying on the families of veterans, charging them, seriously, 300% interest rates over a year. and we cannot do anything about it simply because they refuse to put any director in the place. the agency has been doing some work even in the absence of a director. new credit card agreements are being piloted to make things easier for people to understand, so you understand the interest rates and late fees you re signing up for when you sign up for a credit card. what else can they do if they don t get a director anytime soon? they can regulate certain institutions and can regulate banks and they are doing excellent things. for example, making it more transparent and clear what s on your credit card, what the fees are. those are positive things they re doing. but remember, part of the reason we had the entire financial crisis was that there turned out to be a whole group of, quote, nonbank institutions that were out there manipulating consumers on all sorts in all sorts of w ....

Interest Rates , Credit Card , Credit Card Agreements , Nonbank Institutions , Group Of ,

Detailed text transcripts for TV channel - MSNBC - 20111208:09:30:00

Hard time marshalling criticisms against him. as you know, republican attorney generals have supported him. he has a tremendous record as attorney general of ohio. so i think this is really a philosophical debate the republicans are having. and it s so wrong headed in terms of the lessons we ve just learned. if there s one thing we should have learned from this financial crisis is you do not want to have financial supervision where a whole host of institutions that are dealing with average people have a hole where they don t have supervision. that s exactly what they re doing. the way the law was created is our new consumer watchdog cannot regulate so-called nonbank institutions. meaning payday lenders, credit institutions, debt collectors. they cannot regulte or supervise any of them until there is a director. so every day they hold this up, even while small community banks are playing by the rules, you ve got a so-called installment ....

Attorney Generals , Attorney General Of Ohio , Consumer Watchdog , Nonbank Institutions , They Dont Have Supervision , Payday Lenders , Debt Collectors , Installment Lenders , Credit Institutions , Community Banks ,