Safety and Soundness

  • Safety and Soundness v. Consumer Protection
  • Twin Peaks
  • (p3) - Barney Frank (D-MA) -  I was told by one of the regulators, well, we can do regulation of consumer protections under our power to enforce safety and soundness on the banks, the argument being that a bank that does not treat consumers well can be called to account because it is jeopardizing its safety and soundness.
    • I wish.
  • In fact, done cleverly enough, being unfair to consumers can contribute to the safety and soundness of a bank.

2007 0613 - GOV (House) - Improving Federal Consumer Protection in Financial Services. (CSPAN) Financial Services Consumer Protection, Barney Frank (D-MA) - [PDF- 257p, VIDEO-CSPAN]

 

 

  • (p23) - Doug BARNARD, Jr (GA) - Mr. Greenspan and Mr. Clarke, too, do you interpret that the sale of insurance is a risky business, where it would
    bring down the safety and soundness of an institution?
  • Alan GREENSPAN. I do not, Mr. Barnard.
  • Mr. BARNARD. Mr. Clarke.
  • Mr. CLARKE. We do not believe that to be the case either.

1991 0430 and 0502 - GOV (House) - Restructuring of the Banking Industry, Part 2, Frank Annunzio (D-IL)