Comment on CFPB-2011-0002-0001

Document ID: CFPB-2011-0002-0002
Document Type: Public Submission
Agency: Consumer Financial Protection Bureau
Received Date: July 18 2011, at 03:43 PM Eastern Daylight Time
Date Posted: August 1 2011, at 12:00 AM Eastern Standard Time
Comment Start Date: June 29 2011, at 12:00 AM Eastern Standard Time
Comment Due Date: August 15 2011, at 11:59 PM Eastern Standard Time
Tracking Number: 80ec5446
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This is comment on Proposed Rule

Defining Larger Participants in Certain Consumer Financial Products and Services Markets

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Size is irrelevant in some instances and at various times. I believe market area may be more important than size. Say a mortgage company operates in multiple states, and business is slow. That company may well be unregulated by certain states, and federal intervention could be necessary, whereas one busy company located and licensed in a well regulated state, such as New York, would not require as much oversite.

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Comment on CFPB-2011-0002-0001
Public Submission Posted: 08/01/2011 ID: CFPB-2011-0002-0002