Consumer Financial Protection Bureau Actually Hurting Consumer Lending

Former BB&T CEO John Allison on a potential rollback of financial regulations and its impact on bank lending. Stuart Varney.
Fox Business: Varney & Co. w/ Stuart Varney
Fox Business

During the past 15-20 months, the sector of consumer lending has been increasing by about 30-40% annually. Moreover, market participants believe the boom of consumer lending is yet to come. According to experts, at present loans for the purchase of household appliances hardly reach 10% of GDP, whereas in the developed countries the same figure exceeds 30%.
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