Rep. Barney Frank blasted Mitt Romney, who has said he would repeal the Dodd-Frank Act, at a speech in Charlotte, reports American Banker’s Kevin Wack.
Here are two highlights from Frank's speech:
"The banks and the credit card companies have plenty of people protecting them — why shouldn't you have someone looking out for you when you want to get a car loan or help your kids pay for college? Why would Mitt Romney be against that?"
"They want to let Wall Street write its own rules again. But do they have a plan to make sure Wall Street doesn't collapse again and pull us all down with it? If they do, they're keeping it awfully secret."
Wack notes that that Romney has been vague about his alternative plans for a "streamlined regulatory framework," regulatory reform.