TESTIMONY: Financial Regulation and the Well-Being of Low-Income Americans

Abby McCloskey, House Financial Services Committee, February 11, 2014

"Chairman Hensarling, Ranking Member Waters, and members of the Committee, thank you for inviting me to testify today on the Federal Reserve’s regulatory mandate. In the testimony that follows, I will discuss the Federal Reserve’s responsibilities under the Dodd-Frank Act; how new rules are impacting consumers, particularly low-income consumers; and then turn to possible policy solutions."

Source: https://www.aei.org/publication/financial-...