3 ms·

the CFPB is really stifling innovation... creating barriers and generalizing everyone as bad actors

• manigandham 11y ago
  The CFPB is doing its job. Things like these are very complicated and I'd much rather the CFPB take as much time as it needs with financial matters than let any little startup through or let banks and other institutions do whatever they want.
• Frondo 11y ago
  The money system, especially for all us little folk, is far too important to be messed about with. More barriers is good. This is one place where a conservative approach is the right one.
• danmaz74 11y ago
  "Move fast, break things" is great when you want to create a social networking app and the worst thing that can happen is that somebody isn't reminded to congratulate your friends on their birthdays. With payments systems people can lose lots of real money and there are literally millions of people always looking for ways to game the system - that's why regulation and moving slowly enough is a painful necessity.